FRANCE: Saveurs de France posts dramatic increased in Q1 consolidated turnover
Saveurs de France, the French frozen pastry-based products maker, has recorded a consolidated turnover of €40.4m (US$35.3m) for the Q1 of 2002, a dramatic increased on the €10.8m recorded during the Q1 of the previous year.
The main reason for this leap is the inclusion, for the first time, of the trading figures of the company Brossard, a former bakery unit of US consumer goods behemoth Sara Lee, which was acquired by Saveurs de France on 30 April last year.
The company has revised its fiscal forecasts for 2002 on the basis of its Q1 performance, and now expects a net consolidated profit of €5m, up from €4m. Saveurs de France also forecasts a €175m full year turnover, up from the initially announced €167m.
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