SWITZERLAND, Basel. Bell Food Group made operational progress in the first half of 2020 in spite of the coronavirus pandemic. Organic revenue growth was 2.9%. The operating result at EBIT level rose by 2.4%.
The Bell Switzerland and Bell International business areas made a particular contribution to this growth, while the Convenience business area was affected strongly by the fallout of the coronavirus pandemic. The Bell Food Group is highlighting its commitment to sustainability and is publishing a complete Sustainability Report in accordance with the GRI standard for the first time.
At CHF 2 bn. in the first half of 2020, the Bell Food Group's sales revenue adjusted for currency effects and divestments improved by CHF 59.3 mill. or 2.9% year-on-year. The revenue that was lost through the sale of the German sausage business in 2019 could be compensated.
Given the uncertainties surrounding the further development of the coronavirus pandemic, the formulation of an outlook for the second half is challenging. The company expects the partial lifting of coronavirus restrictions to lead to a step-by-step recovery in sales for the food service channel. Retail sales on the other hand are likely to be more or less the same as before the pandemic. Thanks to its reaction and production capacity, the Bell Switzerland business area is well equipped to respond to these developments. With its concentration on high-quality air-dried ham and sustainable poultry products and the implementation of measures to enhance efficiency, the positive development of the Bell International business area is set to continue. The Convenience business area will recover after the lifting of the coronavirus measures and make pronounced progress in the second half of 2020 on the strength of its strategic direction and high powers of innovation.