Belgian fresh food group Ter Beke has reported an increase in turnover for the first nine months of the year boosted by last year’s acquisition of Dutch processed meats firm Berkhout Verssnijlijn.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Consolidated revenue was up 7.4% on the same period of last year, primarily due to the inclusion of the results of Berkhout, bought in September 2007.
On a like-for-like basis, Ter Beke’s turnover decreased slightly in the first nine months due to a fall in sales in the traditional bulk channels and the termination of Belgian and German discounter contracts.
Company sales in the summer months July and August were below expectations. However in September, sales went up again, both in the processed meats and ready meals divisions, Ter Beke said.
The company said it expects its full-year results to “exceed” those of 2007, providing sales in the last quarter of 2008 are in line with previous years and the market environment does not “significantly” deteriorate.
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 GlobalDataTer Beke CFO René Stevens declined to give specific figures ahead of the company’s annual results in February when contacted by just-food today (13 November).
