Interim balance: Bell earns less
Interim balance

Bell earns less

Bell Food Group
In line with the circumstances, the Bell Food Group is satisfied with the balance sheet for the first half of 2022.
In line with the circumstances, the Bell Food Group is satisfied with the balance sheet for the first half of 2022.

SWITZERLAND, Basel. High costs weigh on the Swiss meat group.

Bell Food Group turned over 2.1 billion Swiss francs (CHF) in the first six months of the current year, up 6.1% from the same period last year. The Basel-based company says the growth was due to the recovery of its convenience business, increased capacity utilization at its Marchtrenk, Austria, plant, and inflation-related price increases.


However, the latter was not enough to offset the high increase on the cost side, it adds. As a result, adjusted EBIT (earnings before interest and taxes) was CHF 63 million, 4% below the previous year. At the same time, Bell is thus above the last pre-Corona result from 2019 (CHF 58 million). The "unfavorable foreign currency development" had pushed the adjusted half-year result to CHF 40.2 million, down 21.3%.

While business in the home market of Switzerland was down slightly by 0.7%, revenue abroad (Bell International) developed positively by 11%. The Iceberg (plus 17.6%), Hilcona (plus 15.1%) and Hügli (plus 10.7%) divisions, which were bundled in the Convenience division until May of this year, also reported significant increases in merchandise sales.

Source: lebensmittelzeitung.net, afz - allgemeine fleischer zeitung 31/2022 / dfv Mediengruppe
tags:
Switzerland

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