Bell Group, the Swiss meat processor, has reported a 2.8% sales increase for 2006, on the back of growth in its fresh meat, convenience and seafood units. However, the company said that sales in its charcuterie division had stalled.
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Bell also reported that poultry demand had recovered in the spring, resulting in a substantial inventory reduction. The company also said it had begun to see cost saving and efficiency optimisation effects from the rollout of its new facilities in Oensingen and Zell.
In his financial report, chief financial officer Martin Gysin said that the improvement in sales and product mix had translated into a gross profit margin increase of 1.2%. Personnel costs for 2006 included some special factors, as well as a provision for staff profit sharing disbursements, the company said. Excluding these factors, personnel costs were down by 1.8% from 2005.
The company’s plants in Geneva and Kriens will be shut down in 2007, and the personnel and depreciation costs resulting from these closures, amounting to approximately CHF2.3m (US$1.86m), have been included in the 2006 financial statements.
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