Israel: Carrefour in talks to enter market with Victory investment
Carrefour, the world’s second largest grocery retailer, is seeking to enter the Israeli market through an investment in the Victory supermarket chain, according to a report in Bloomberg. Talks about a potential investment, which were reportedly confirmed by the Israeli firm following media speculation, come as Victory itself is planning to submit a bid for Alon […]
Belgium: AB InBev reports value growth but volume fall in 2015
World-leading brewer AB InBev has posted its financial statements for 2015, revealing a rise in sales but a drop in volume for the full year. Revenue grew by 6.3% and 7.7% on a constant geographic basis to $43.604 billion, the company reported. Total volumes meanwhile declined by 0.6%, with own beer volumes essentially flat and […]
Switzerland: Lindt & Sprungli sees sales up 7% in 2015
Leading chocolate firm Lindt & Sprungli posted organic sales growth of 7% in 2015, with the firm boasting of “another record result” as it released its financial statements for the latest year. The Swiss confectioner reported that it had achieved consolidated sales of 3.65 billion CHF ($3.66 billion), equating to an increase of 13.5 % in […]
Pakistan: FrieslandCampina eyes up majority stake in Engro Foods
Dutch dairy firm FrieslandCampina has unveiled its intention to aquire a majority stake in Engro Foods, the leading Pakistani dairy firm, as it announced its latest financial results. The company said that the proposed acquisition formed part of its updated Route2020 programme, which sees strategy resources deployed to achieve sustainable long-term growth through existing and new […]
Denmark: Arla Foods sees revenue drop in 2015
Danish dairy cooperative Arla Foods claimed to have “delivered a robust performance” despite a “tough year for the global dairy industry”, as it announced its latest financial results. According to a press release, the company “came out of 2015 with US11.25 billion (EUR€10.3 billion) in revenue”, which was a 3.3% decline compared to 2014. The […]
Switzerland: Nestle sees 4.2% organic growth in 2015
Nestle, the world’s leading food multinational, has released its full year results, posting single-digit organic growth over 2015. The Swiss firm said that organic growth was 4.2% with real internal growth of 2.2%, fuelled in particular by a strong showing in the Americas where turnover was up 5.8%. Total sales for the year amounted to […]
France: Danone reports “solid” performance in 2015
Dairy and drinks multinational Danone saw total sales rise in 2015 to €22.412 billion ($24.70 billion), according to its latest financial statements. Describing its performance as “solid” and “in line with objectives”, the France-based firm reported that overall sales for the year had risen 4.4% on a like-for-like basis, with trading operating margin up +17 […]
USA: Kellogg grows sales in 2015
US cereal and convenience foods giant Kellogg has announced that it “met or exceeded initial guidance” for sales, operating profit, earnings per share, and cash flow in full year 2015, according to its recently disclosed financial statements. Kellogg’s net sales rose to $13.525 billion, with reported growth up 7.2%, and currency-neutral comparable growth up 1.2% […]
UK: Reckitt Benckiser sees full year growth and margin expansion
Health, hygiene and household care producer Reckitt Benckiser (RB) has posted growth and margin expansion in full year 2015, according to its recently disclosed financial reports. RB’s total revenues rose to £8.874 billion ($12.684 billion), with organic growth up 6% on full year 2014. The company claims its gross margin increased by +140bps to 59.1% […]
USA: Coca-Cola sees full year revenue and profits fall
Non-alcoholic drinks giant Coca-Cola posted a fall in net operating revenue and gross profit in the 2015 financial year, according to the company’s latest financial statements. While organic revenue grew 4%, full-year net revenue declined 4% to $44.294 billion and gross profit was down 5% to $26.812 billion, the company reported. It noted, however, that global […]