Flavour and fragrance firm Givaudan’s first half net profits crashed by 40 per cent as raw material costs and record currency rates take their toll on the Swiss company, despite good local growth in its flavours businesses.
Signs of recovery in the bakery ingredients market are not yet evident, according to Dutch supplier CSM as first quarter results released this week show a decline in volumes by 1.2 per cent on Q1 2009.
Global packaging provider Rexam says it will begin renegotiating
contracts with its European clients later this year in a bid to
recover some of the rising costs of the aluminum used in its
Swiss food giant Nestlé has announced a first-quarter sales rise of
14.1 per cent to CHF22.8bn (€14.5bn), beating analyst expectations
and reconfirming its full-year target of a five to six per cent
Enodis, the world's largest manufacturer of commercial foodservice
equipment such as ovens and mixers, reported better profits but
slightly worse sales due to the weak dollar, increased steel prices
and difficult UK and continental...
Pernod Ricard, the world's third largest wine and spirits group,
has reported a slight dip in sales for the first quarter of 2004.
The group's established brands performed well in the US and Asia
Pacific regions, but its...
Ongoing growth in cultures sales to the dairy industry and health
markets helped the Danish ingredients firm Chr Hansen post a modest
rise in revenue for the food ingredients division in the first six
months. Organic growth for the...
Number one flavours and fragrance firm Givaudan ambles along in the
first quarter with higher sales in flavours offsetting a drop in
the fragrance division, suggesting that strategies to boost profit
announced back in January this...
A substantial increase in goodwill amortisation costs pushed down
operating profits at Irish baked goods and agribusiness group IAWS
in the first half. But sales increased during the half, even after
the impact of currency movements,...
It's that time of year again. Companies are releasing their third
quarter results amid great fanfare, even if there isn't that much
to cheer about. The bottling industry in particular has had a
fairly difficult year, with...
Kellogg, the cereal and snacks maker, has raised its full-year
profit forecast after an excellent third quarter performance which
saw both sales and profits rise significantly. The gains came as a
result of new product launches, brand...
Schneider Electric, provider of power solutions to the food and
beverage industry, has fought off a slump in its sales figures to
record first half increases in both its operating margins and its
net profits. The company said that...
Dutch life science company DSM today posted a net profit of €959
million. Although DSM Fine Chemicals posted slightly lower sales
and a lower operating profit, attributable to the pharma products
and aspartame businesses, DSM Food...
Viskase Companies has announced a slight increase in its net sales
for the first quarter of 2003 financial, reflecting favourable
exchange rates for its European operations which have helped
stemmed company losses.
Dutch life science company DSM saw net profit for the fourth
quarter of 2001 rise to €1,031 million from €119 million in the
fourth quarter of 2000, largely due to the sale of the depositary
receipts. Profit on 4Q ordinary activities...
Stora Enso fourth quarter results surged due to asset sales, but
the company has still ended the year well into the red, leaving
many analysts wondering if it can maintain its renewed momentum in
the year ahead.
US flavours and fragrance giant International Flavors &
Fragrances saw fourth quarter 2002 sales rise 5 per cent to $424.3
million (€391m) from $405.6 million for the same period in 2001,
despite weak economic conditions in Latin...
After announcing the acquisition of Corus's aluminium packaging
activities, Pechiney has reported a third-quarter net loss and said
its full-year profit would be worse than expected due to weak
Jefferson Smurfit used its last results as a public company to warn
that the weakening US dollar would hit demand for European and
Latin American cardboard box production, as sales of manufactured
goods into the US become less competitive.
BOC Group, the diversified UK company whose operations include
producing gases for use in the food and beverage industry, has
reported nine-month pre-tax profits of £265.2 million (€421.4m)
after exceptional items of £50.5 million...
Having been on the verge of bankruptcy just eight months ago, Crown
Cork and Seal are now well on the road to recovery, after an
intensive period of cost cutting and selling off a number of its
less profitable divisions.
Canadian aluminium can manufacturer Alcan reaffirmed that second
quarter operating earnings are expected to be at the upper end of
its previously disclosed guidance of US$0.35 to US$0.45 per common
Pall Corporation, the leading US filtration, separation and
purification provider, has reported a drop in both sales and
profits for the third quarter and nine months of fiscal 2002, which
ended April 27, 2002.
Graham Packaging Holdings, a US-based international manufacturer of
blow-moulded plastic containers for the food and beverage
industries has reported that unit sales increased 11 per cent in
the first quarter of 2002, compared to...