Podravka

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Podravka closes China, sub-Saharan Africa operations; Middle East under watch

8 Mar 2018

Podravka is closing its operations in China and sub-Saharan Africa - and the Croatia-based FMCG group is monitoring the performance of its business covering the Middle East and north Africa.

Earnings summary - George Weston food division results hit by FX, restructuring; Pinnacle Foods profits underpinned by tax reform; Land O'Lakes "record'' profits; Hostess Brands hails "strong finish" to 2017

2 Mar 2018

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Earnings summary - Conagra Brands sees income rise; General Mills revises full-year guidance

21 Dec 2017

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Podravka posts gloomy H1 results after disinvestment, layoffs

28 Jul 2017

The disinvestment of Podravka's beverage business continued to weigh on the Croatian food producer's financial results in the first half of the year.

Podravka cites Agrokor turmoil as Q1 profits tumble

1 May 2017

Podravka saw its profits slide 70% in the first quarter of the year, with the Croatia-based food and drinks group citing a range of factors, including the financial pressure on regional retailer Agrokor.

Croatia's Podravka signs Qatar distribution deal

24 Apr 2017

Croatian food business Podravka has struck a deal with Arabian Supplies for the Qatari distributor to handle its products in the country.

Podravka appoints Marin Pucar president

2 Mar 2017

Podravka has named Marin Pucar, a former executive at the Croatia-based food group, to the role of president of its management board.

Podravka aims to "double" revenue by 2021 

21 Feb 2017

Podravka, the Croatia-based consumer goods group, had revealed an aim to "double" its revenue by 2021 as it booked higher sales and earnings for 2016.

Podravka opens plant in Tanzania

16 Feb 2017

Croatia-based food group Podravka has opened a factory in Tanzania, its first plant in Africa.

Podravka registers sales, profit growth 

3 Nov 2016

Podravka, the Croatian food and pharma company, has seen sales grow in the first nine months of the year, lifted by its food business. 

Podravka sets up division to target horeca sector

14 Oct 2016

Croatian food and pharmaceuticals company Podravka has said its newly-launched Food Solution division is to target new international business and "make a breakthrough" in the horeca channel.

Podravka stake no longer "strategic" - Croatian government

16 May 2016

The Croatian government has deemed its stakes in eight domestic companies, including food group Podravka, as no longer strategic to the country.

Podravka sales lifted by Zito acquisition

3 May 2016

Croatia-based Podravka Group said first-quarter sales grew by almost one-third thanks to its acquisition of Slovenia's Žito. 

Podravka gets boost from food in 2015

16 Feb 2016

Croatia-based food-to-pharma group Podravka has reported a near-8% rise in sales for 2015, with its food division, including the newly-acquired Slovenian pasta-to-confectionery group Zito, offsetting lower sales in pharmaceuticals.

Podravka sees 60% profit jump supported by food arm

28 Oct 2015

Podravka, the Croatia-based food-to-pharma company booked a 60% jump in net profit for the first nine months of the year thanks to increased sales and the lapping of one-time expenses that hampered profits at its food business last year.

Podravka wants 100% of Slovenia's Zito

7 Oct 2015

Croatia-based food group Podravka has announced plans to buy up the remaining shares in Slovenian pasta-to-confectionery group Zito, only six months after striking a deal to buy a 51% majority stake in the company.

Food industry news of the week: Iglo, Blue Bell Creameries, Hershey

24 Apr 2015

The EUR2.6bn sale of European frozen food giant and Birds Eye owner Iglo Group grabbed the headlines this week - and we looked at where the new owners - Nomad Holdings - could look next. Blue Bell Creameries, the US ice cream maker linked to a fatal listeria outbreak, was in the spotlight for very different reasons, pulling all its products from the market after fresh tests.

Podravka to buy control of Slovenia's Zito

21 Apr 2015

Croatia-based food group Podravka has struck a deal to buy over 51% of Slovenian confectionery-to-pasta firm Zito for EUR33m.

Food industry quotes of the week: Aryzta, Mondelez

2 Apr 2015

This week, bakery business Aryzta announced it was in talks to invest in French frozen food retailer Picard while the M&A rumour mill span with reports Mondelez International is considering selling its rights to the Philadelphia brand. Elsewhere, The Real Good Food Co. said it was exploring options for its under-performing sugar business Napier Brown.

UPDATE: Zito owners in talks with two bidders

30 Mar 2015

The consortium of investors looking to sell a majority stake in Slovenian food group Zito is still in talks with two bidders, one of the shareholders told just-food today (30 March).

Podravka "set to buy Slovenia's Zito"

30 Mar 2015

Croatia-based food group Podravka is reportedly set to acquire control of Zito, Slovenia's largest food manufacturer, in a deal said to be worth EUR60-65m.

Food industry quotes of the week: Bega, Kerry, Post

27 Feb 2015

This week, Kerry Group CEO Stan McCarthy advised the market to expect a number of M&A deals from the Irish group in 2015. We caught up with the CEO of Australian dairy Bega Cheese, who talked about last year's much talked about takeover battle for Warrnambool Cheese and Butter Factory. Elsewhere, Podravka and Billy Sims China-Food Group advised of developments in China, and Mondelez International announced the closure of a plant in Ireland.

Podravka set for China entry

26 Feb 2015

Croatian food-to-pharma group Podravka is looking to start selling products in China through new local offices by the third quarter of the year.

M&A Watch: Where next in eastern Europe could Maspex pounce?

25 Feb 2015

Poland-based food and drink group Maspex has grown to become one of the sector's largest companies in central and eastern Europe. A move in December for parts of local peer Agros Nova's business pushed Maspex's turnover above EUR1bn. In his latest M&A Watch column, Stefan Kirk of advisory firm Glenboden, looks where Maspex could swoop next.

Podravka's food arm boosts profits despite sales slide

23 Feb 2015

Croatian food-to-pharma group Podravka has reported a jump in annual profits despite a fall in sales from its food and drinks division.

Podravka launches MENA headquarters in Dubai

13 Feb 2015

Croatia-based food group Podravka has opened an office in Dubai to manage its operations in the Middle East and north Africa.

Podravka "bids for Slovenia's Zito"

11 Feb 2015

Croatia-based food group Podravka has reportedly tabled an offer for Slovenian peer Zito, a majority stake in which is up for sale.

Three bidders invited to start Zito due diligence - reports

22 Jan 2015

Three companies bidding for Slovenian food producer Zito have been invited to perform due diligence, according to local newspaper Delo Daily.

Food industry quotes of the week: First Milk, Morrisons, Marfrig

16 Jan 2015

UK dairy co-operative First Milk was this week forced to come out and calm fears over its financial position after announcing it would delay payments to farmers. Staying in the UK, Morrisons announced chief executive Dalton Philips would leave as the UK grocer battles to reignite sales. And Brazil-based food giant Marfrig revealed its CEO had resigned from the business.

Podravka eyes M&A in overseas sales push

15 Jan 2015

Croatia-based food group Podravka is looking at acquisitions as part of plans to generate two-thirds of its sales from international markets.

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