GERMANY: Kamps' wildfire growth "too much too soon?"
Acquisitive German industrial baker Kamps is labouring under what eponymous CEO Heiner Kamps believes is an unfairly sceptical stock market. In the last few years Kamps has proved the darling of the German stock market, raising its sales almost eight times to DM3.26bn (US$1.4bn) to become Europe's largest bakery group. A little over a year ago its share price had soared to €46.25 (US$39.83) but it has since plummeted to just €11 and over the last year was the poorest performer on the MDAX, the German stock exchange's mid-cap index.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Comment: Meal kits in US - don't believe the hype
- Column: Kraft Heinz, Unilever and sustainability
- Unilever 'lining up spreads sale'
- UK own-label firm Park Cakes sold in MBO
- Immigration crackdown "risk" for US dairy industry
- BRF plant suspended amid bribery allegations
- Fonterra cuts earnings forecast