Belgium-based convenience foods group Ter Beke has warned its margins are under pressure from the “strong increase” in input costs.
In a trading update, Ter Beke said today (13 May) that the prices of “certain important raw materials will further increase” in 2011 and cautioned that price increases on its products were necessary to protect the company’s results.
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“To the extent the group would not succeed in timely charging on these increases in the sales prices, this will affect the results of the group,” Ter Beke said.
The company said its first-quarter turnover had been “quite stable” compared to the first three months of 2010 but did not provide specific figures.
Meanwhile, Ter Beke said the incorporation for its venture in Central and Eastern Europe with France-based pasta maker Stefano Toselli was scheduled for the “near future”. The two companies announced plans for the venture in October.
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