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.
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
- Comment: Premier has more to ponder than Brexit
- 2017: three major drivers of M&A strategy
- The food market in 2017 - consumer trends and M&A
- Trump seen as negative for global food trade
- Analysis: B&G Foods balancing growth and decline
- Premier Foods issues profit warning
- Nestle mum on Mead Johnson takeover talk
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs
- Emmi to buy dessert maker Italian Fresh Foods