Fromagerie Bel: Q3 sales up 2% organically
(CercleFinance.com) - Fromagerie Bel has reported Q3 consolidated sales of 857 million euros, down 1.
1% y-o-y as reported, or up 2% in organic terms.
In particular, sales were driven by growth in the Americas and Asia-Pacific markets (+7.4% in organic terms).
Over the first nine months of the year, sales reached 2,594 million euros, up 2.7% y-o-y (or 3.5% in organic terms).
Despite the uncertain context, Fromagerie Bel expects its operating margin to improve this year compared with 2019.
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1% y-o-y as reported, or up 2% in organic terms.
In particular, sales were driven by growth in the Americas and Asia-Pacific markets (+7.4% in organic terms).
Over the first nine months of the year, sales reached 2,594 million euros, up 2.7% y-o-y (or 3.5% in organic terms).
Despite the uncertain context, Fromagerie Bel expects its operating margin to improve this year compared with 2019.
Copyright (c) 2020 CercleFinance.com. All rights reserved.