Belgium-based food group Ter Beke has booked a drop in full-year profits as efficiency efforts and higher sales failed to offset rising input costs.

The company said today (1 March) that full-year EBITDA fell to EUR31.1m (US$40.4m), down 6.3%. Operating profit declined 11.7% to EUR11.1m. Net earnings were down 8.9%, dropping to EUR8.2m.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Ter Beke blamed the decline on higher input costs, highlighting wage, raw materials and energy costs. The company also invested EUR12.1m in restructuring and efficiency drives.

The group emphasised that it was able to push price increases through in the period and added that it stepped up marketing activity to drive volumes of more profitable lines. As a result, sales were up 4.3% to EUR421m.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now