Strauss Group booked a near-5% increase in organic sales but currency exchange and an increased investment in product support held back the group’s result.
The company said organic sales rose 4.8% in the first quarter. However, total sales were dented by the negative impact of currency exchange, dropping 2%.
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EBIT was also down in the period, falling 4.8%. The company said EBIT margins fell by 0.3% to 10.3% of sales. Operating margins were dented by an increased level of investment in marketing and product innovation. EPS dropped 3.9% in the period.
