Ter Beke with stable profits on an increased turnover

by Editor fleischwirtschaft.com
Wednesday, March 07, 2007

In 2006 Belgian meat processor Ter Beke saw a total turnover increase by 38.3% to €326.7 million while profit after tax matched the 2005 result.

The merger with the Pluma group has been considered the most important event in 2006 for the meat division.

The strong sales increase of 58.5% was due to the merger of the division with the Pluma, but also a success of growing sales of sliced and packaged meats.

The Ready Meals division also saw a strong sales increase of 13.5% with the Come a Casa increasing its market share thanks to intensive market and brand investments.

The integration of the Pluma and Ter Beke meat activities has been achieved within the established timeframe and thus has proved a success.

Weak results were seen with the investments in the technical reliability of the production facility in Wanze and because of increased margin pressure in France and significant inefficiency at the production facility in Alby-sur-Chéran.

In 2007 Ter Beke said it will continue to invest in the efficiency and expansion of its production facilities and the reinforcement of the market position of its two branches.