Belgian food group Ter Beke today (26 February) booked a 9% rise in annual profits as efficiency gains and cost control offset flat sales.

The ready meal maker and meat processor posted net profit of EUR8.3m (US$11.3m), a rise of 8.6% over 2008.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Ter Beke pointed to “further efficiency improvements throughout the entire supply chain and continued cost control and cost reduction efforts”.

The company also cited “an improved product mix” in 2009. However, the business saw sales dip 0.2% to EUR392.4m last year as it lapped 2008 revenues that were boosted by “non-profitable” volume contracts in France ended in the first half of 2008.

Ter Beke’s operating profit jumped from just under EUR8m in 2008 to EUR15.1m in 2009. The company cycled 2008 figures that included EUR3.4m in charges.

 

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