Packaging machinery manufacturer Bobst Group has lowered its turnover guidance for 2015 (from CHF1.25 to CHF1.33bn to CHF1.15 to CHF1.23bn) after the Swiss National Bank decided to discontinue the minimum exchange rate of CHF1.20 per Euro.
SIG was the main revenue highlight for Reynolds Group Holdings as it reported a decrease of $20m to $3.3.bn for the three month period ending 31 March this year.
Tough economic conditions in the fourth quarter of 2011 will spill over into this year, said MeadWestvaco (MWV) as it posted a fourth quarter loss of US$9m (€6.8m).
Multinational food and beverage metal packaging firm Crown Holdings has braved bad weather and tough economic conditions in Europe and the US to grow third quarter (Q3) net sales by 10 per cent compared with the same period in 2010.
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.
Crown Holdings’ reported a 13 per cent profit growth over the past six months, however the manufacturer also revealed a hit of $74m (€52m) in gross charges.
Double-digit growth in the beverage, savory and confectionery sectors helped International Flavors & Fragrances to achieve revenue of $714m in the first quarter of this year; nine per cent up on the same period of last year.
Ardagh Glass said the acquisition of Impress for €1.7bn is set to transform it into a major global packaging player with annual revenues of more than €3bn.
Frutarom’s double-digit growth in Q2 is due to accelerated growth in specialty fine ingredients and excellent flavours sales, says the firm, which has a rapid growth strategy in place.
Crown has resolved a strike at a plant in Seville but the disruption caused has had a negative impact on the profitability of its European drinks can business.
The global economic crisis will yield rich pickings for food firms with a strong capital structure. So believes Frutarom, which has reported another quarter of impressive growth figures on the back of its most recent acquisitions splurge.
Frutarom is ready to start casting about for new acquisitions in the second half of 2008, after another strong quarter in which it reaped the benefits of the seven businesses it acquired in 2007.
Fonterra, New Zealand's largest dairy co-operative, predicted world
commodity prices would continue rebounding strongly over the next
few months as supply and demand tightened.
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
beverage cans.
Disposals and currency exchange rates pushed down full-year sales
at Nestlé, the world's biggest food producer, but the decline had
no impact on profitability, which grew by a healthy 8.1 per cent
during 2004. IN order to stay...
Wine grape production is projected to increase by over 5 per cent
to 1.93 million tonnes over the two years to 2006-07, according to
a new report that goes against industry opinion that slowing
exports could lead to a red wine glut.
A drop in export growth and the strength of this year's crop has
meant that the addition of the 2005 vintage will cause a surplus of
red wine in Australia, reports Kim Hunter Gordon.
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...
Campari, the global player in the spirits sector, has reported an
acute increase in sales for the first quarter of 2004. The weak US
dollar had an affect on the company's results but it witnessed good
organic growth spurred on...
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...
Last year's stockpiling of bottled water in advance of the Iraq war
had a beneficial effect on first quarter sales at Nestlé Waters,
the Swiss-based bottled water group, but meant that this year's
figures showed a significant...
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...
Mirroring the state of play for ingredients companies operating
into today's climate, price pressures put the squeeze on third
quarter margins for ingredients giant Danisco.
Baltic Beverages Holding has revealed its full year 2003 and fourth
quarter results, showing the company has continued to maintain its
growth in the maturing beer market.
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...
Strong brands such as Campari, SKYY and Cinzano helped Italian
drinks group Davide Campari increase its sales in the first half of
2003 even after the negative effect of currency translation.
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...
Danone's move into the high profit home and office delivery sector
of the bottled water market made little impact on first half
results which were instead reduced by negative exchange rates and
disposals.
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...
Flavour sales continued to decline in Europe for number one
flavours and fragrances company, International Flavors &
Fragrances, but despite this the overall picture for the third
quarter of 2002 is clearly optimistic and the...
The Pepsi Bottling Group said today that it has commenced cash
tender offers in the United States and Mexico to complete the
acquisition of Mexican bottler Pepsi-Gemex.
