Blog: Katy AskewHain Celestial CEO characteristically jovial

Katy Askew | 20 August 2014

Hain Celestial founder, president and CEO Irwin Simon is not one to maintain a stony face when discussing his company's performance. This morning's (20 August) conference call was no exception.

"Wow! What a performance this company has made," the chief executive enthused as he discussed Hain's 2014 results and 2015 outlook with analysts.

And Simon has good reason to be upbeat, with Hain posting a bumper set of sales and strong profit growth in a year that the company also completed a number of strategic acquisitions.

Indeed, acquisitions and growing distribution have been key levers for Hain's success over recent years. As Simon reflected: "We've successfully completed ten acquisitions over the last four years. I've integrated each of them and then carefully have invested behind the growth, the consumer awareness and increased consumption."

And despite this shopping spree, Hain has maintained a "strong" balance sheet and retains the financial flexibility to pursue future "strategic opportunities" as they present themselves, the chief executive continued.

The company is also feeling the wind in its sails from growing demand for health and wellness products across its markets.

"We continue to be better positioned than ever before with the right people, brands, global infrastructure to drive sales and earnings growth for at least the next several years. As I said before, and we all know it to be true, healthy eating is not a trend or fad but increasingly to be a major part of our lives."

With all this in its favour, no wonder Simon is optimistic as he looks to the future.

Click to view our news and analysis coverage of Hain's result.

BLOG

US campaigners lobby FDA on GRAS rules

Four campaign groups in the US have urged the country's Food and Drug Administration to close a "loophole" in regulations on food additives and bring the rules - due to be finalised by August next yea...

BLOG

Cargill unveils first landfill-free facility

The Cargill meat processing facility in Hazleton, Pa., has become the company's first certified landfill-free production site. ...

BLOG

PepsiCo secures NBA sponsorship deal

PepsiCo has honed in on a sponsorship deal with the National Basketball Association, replacing current sponsor and chief soft drinks rival The Coca Cola Co. ...

BLOG

Labour manifesto has sugar in its sights

The UK Labour Party today (13 April) issued its manifesto for the country's upcoming general election - and has pledged to take aim at sugar....

just-food homepage



Forgot your password?