BRAZIL: H1 sales, profits up at dairy group Vigor
Vigor improved underlying margins
On a consolidated basis, which includes the contribution from Itambe, Vigor posted net earnings of BRL50.4m (US$22.2m), compared to a loss of BRL10.9m. Vigor's consolidated EBITDA jumped from BRL17.5m to BRL166.6m.
The company's sales felt the impact of the acquisition of 50% of Itambe, with net revenue almost tripling to BRL185.7m.
Vigor did see a drop in its gross margin, which fell from 30.8% to 26.8%.
The group's underlying results included higher net income, EBITDA, net revenue and gross margins. Vigor pointed to moves to drive efficiency and improve its product mix as reasons for its higher profitability.
Synopsis The report provides a review of the mergers and acquisitions (M&As), partnering deals, and agreements entered into by companies active in the global bakery & cereals market during April 2014....
Retailing posted strong positive growth in value terms in 2013. Non-store retailing was the most dynamic thanks to the accelerated expansion of internet retailing, but certain categories among store r...
- Unilever must "speed" response to consumer trends
- Premier Foods CEO expects UK supermarket rebound
- Briefing: The risks and rewards of e-tail in China
- What the analysts say: Unilever's mixed 2014
- Why US diet guidelines should consider environment
- Lifeway Foods CEO denies sale talks
- Unilever revenues disappoint as food sales fall
- Tootsie Roll CEO Melvin Gordon dies at 95
- Weston Foods acquires Creative Occasions
- McCain to close Grobbendonk plant in Belgium
- The Sugar Backlash and its Effects on Global Consumer Markets
- 10 Key Trends in Food, Health and Nutrition 2015
- The Future of Retailing in the UK to 2017
- Global Consumer Trend Framework: Understanding Attitudes and Behaviors that Influence Global Consumption Habits
- Meat Substitutes Market - Global Trends, Forecasts up to 2019