SPAIN: Profits up at olive oil firm Deoleo
- EBITDA climbs to EUR62.4m
- Net profit at EUR2.9m
- Net sales drop 12.9%
The company attributed the increase to improved margins and efficiency measures
Spanish olive oil producer Deoleo has recorded an increase in profit in the first nine months of the year.
EBITDA amounted to EUR62.4m (US$79.4m), compared to EUR47.7m last year. The company attributed the increase to improved margins and efficiency measures undertaken throughout 2011.
Net profit in the period amounted to EUR2.9m. The company did not give a comparable figure.
Sales in the period stood at EUR627m, representing a drop of 12.9% on last year as a result of a fall in raw material prices and the "lack of packaging operations", it said.
Deoleo has forecast full-year EBITDA of EUR89m.
- Interview: Mondelez eyes sweet success in China
- The benefits of engaging staff in sustainability
- How food companies involve staff in sustainability
- Why Danone is withdrawing Dumex from Vietnam
- Why May's Brexit comments give reason for optimism
- 2 Sisters chief Boparan buys Bernard Matthews
- Fonterra says value-added strategy paying off
- B&G Foods acquires ABF's US spice business
- General Mills profit falls as sales disappoint
- Bernard Matthews pensions scheme under review
- Global Chocolate Confectionery Overview: Challenges, Opportunities and Risks
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Global Foodservice Market 2016-2020
- Global Food and Drinks Closures: Performance and Opportunities
- Fast Food Restaurants in the US - Industry Market Research Report