French food group Fleury Michon booked mixed results for 2014, with operating earnings down but net income and sales increasing in the period.

The company revealed operating income fell to EUR28.6m (US$30.7m), down from EUR32.2m in 2013. Operating earnings were hit by margin contraction in the first half but Fleury Michon said margins rebounded in the back end of the year.

Net earnings totalled EUR17.9m compared to EUR16.2m in 2013. The bottom line was boosted by debt reduction and financial restructuring as well as a higher income from joint ventures in Spain and Italy.

Sales in the year rose 1.3% to reach EUR707.1m.

The company said it has made a “dynamic” start to the year, with first-quarter sales increasing 8.4%.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now