Groupe Bel: net income down 6% in H1
(CercleFinance.com) - Groupe Bel reports H1 consolidated sales of E1.
8bn, representing organic growth of +2.5% y-o-y.
Reported growth was +2.3%, taking into account a limited currency effect of -0.2%.
The increase in sales is attributable to the solid performance of core brands such as Kiri, Babybel and Boursin, driven in particular by a positive volume effect in North America and Europe, as well as the continued good performance of the fruit business.
At the same time, operating income came to E122.2m (+13.4%), with net income (group share) of E51.2m, down around 6%.
In terms of outlook, supported by its new status as a Mission Company, Bel will be able to count on the attractiveness of its brands, the growth of its fruit business, and its dynamic business in North America, to continue to strengthen its position in healthy cheese, fruit and vegetable snacking.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
8bn, representing organic growth of +2.5% y-o-y.
Reported growth was +2.3%, taking into account a limited currency effect of -0.2%.
The increase in sales is attributable to the solid performance of core brands such as Kiri, Babybel and Boursin, driven in particular by a positive volume effect in North America and Europe, as well as the continued good performance of the fruit business.
At the same time, operating income came to E122.2m (+13.4%), with net income (group share) of E51.2m, down around 6%.
In terms of outlook, supported by its new status as a Mission Company, Bel will be able to count on the attractiveness of its brands, the growth of its fruit business, and its dynamic business in North America, to continue to strengthen its position in healthy cheese, fruit and vegetable snacking.
Copyright (c) 2024 CercleFinance.com. All rights reserved.