Finnish food group Apetit has announced a fall in operational EBIT for the third quarter of 2016 and said it does not expect to achieve a turnaround in results this year.
Apetit, the Finnish food group, has said its operational EBIT will fall in 2016 hit by pressure on volumes to the foodservice sector and pressure on profits within its grain business.
Apetit, the Finnish food group, today (16 August) reported higher first-half sales but said profits had been affected by fluctuations in grain prices.
Finnish food group Apetit said today it had appointed Sami Saarnio as its CFO.
Apetit, the Finnish frozen food group, has insisted it will improve its operational profitability in the second half of the year, after posting losses - albeit narrower year-on-year - in the first quarter.
Apetit has revealed it wants to be "the leader" in vegetable-based food solutions by 2018.
Apetit has reported mixed results for its food arm during the first nine months of the year.
Finnish food group Apetit has appointed Anu Ara as director for its struggling food unit, reporting directly into group CEO Juha Vanhainen.
Finnish food maker Apetit has cut its forecast for annual underlying operating profit.
Finnish food maker Apetit said it "cannot be satisfied" with the performance of its fresh and fish businesses but stressed it has seen a pick-up in the performance of its frozen products.
Finland-based food group Apetit is to close a domestic fish products facility as it looks to improve the profitability of that part of its business.
High global prices for grains and economic conditions in Finland have weighed heavy on food group Apetit's bottom line for the first nine months of the year.
Apetit, the Finland-based food group, has cut its forecasts for annual sales and operating profit, as low prices hit its sugar venture and challenging market conditions affect its wider food business.
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