Bel, the French company behind Babybel and Boursin cheese, has posted a 2.8% rise in third-quarter sales.
Revenue reached EUR683m (US$920.6m) in the three months to the end of September. Excluding the impact of foreign exchange, sales were up 6.8%.
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Sales were up across all of Bel’s business regions, except the combined Americas and Asia-Pacific division. Bel’s third-largest region was affected by foreign exchange. Without that impact, Bel’s sales in the Americas and Asia-Pacific would have increased year-on-year, albeit at a slower pace than in previous quarters.
Bel’s largest region by sales is Western Europe and sales there rose 2.6% to EUR272m.
The company said a “sharp rise” in raw material prices means its operating margin in the second half of the year will be lower than in the first six months of 2013.
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