Fromageries Bel: Q1 results down
(CercleFinance.com) - The group has announced a 2.
4% decrease in its H1 2018 revenues to 1,626 million euros. Revenues were penalised by a negative FX impact of -4.7%, representing -78 million euros.
After Q1, when revenues rise by +4.8% in organic terms, with robust sales, the group's cheese business fell in most markets over Q2, the group said.
At 30 June 2018 operating profit fell to 88 million euros, down 33.1% relative to H1 2017. Net income reached 53 million euros, 37% down from 84 million euros at 30 June 2017.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
4% decrease in its H1 2018 revenues to 1,626 million euros. Revenues were penalised by a negative FX impact of -4.7%, representing -78 million euros.
After Q1, when revenues rise by +4.8% in organic terms, with robust sales, the group's cheese business fell in most markets over Q2, the group said.
At 30 June 2018 operating profit fell to 88 million euros, down 33.1% relative to H1 2017. Net income reached 53 million euros, 37% down from 84 million euros at 30 June 2017.
Copyright (c) 2018 CercleFinance.com. All rights reserved.