SWEDEN: Swedish Meats results may indicate improving market conditions
Sweden's leading abattoir and meat group Swedish Meats reported a small profit for the last four months to August after years of losses, and the unexpected improvement in earnings could signal that a turn-around is imminent in the depressed Swedish meat industry. Swedish Meats posted an operating profit of Skr59m (US$5.57m) for the May to August period, compared with a Skr69m loss year on year. Sales in the period rose 23% to Skr3.2bn. For the eight-month period to August, Swedish Meats reported sales up 17% to Skr6.1bn, and the operating loss narrowed to Skr23m from Skr175m a year-ago.
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.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- US food next wave on display at Winter Fancy Food
- Comment: Meal kits in US - don't believe the hype
- How General Mills plans to grow - CAGNY
- Does Kraft Heinz want to swallow Unilever whole?
- Focus: Nestle CEO plan to balance sales, earnings
- Unilever launches operational review
- Kerry operating earnings strengthen on slow sales
- Kraft Heinz pulls Unilever bid
- Glanbia focuses on nutrition with Irish dairy spin
- Kerry's Scanlon to replace McCarthy as CEO