Fleury Michon said namesake products maintained market share in French supermarkets

Fleury Michon said namesake products maintained market share in French supermarkets

Fleury Michon, the French cooked meats group, has booked a fall in half-year sales after a decline in the company's second quarter.

The company posted revenue of EUR372m (US$417.7m) for the first six months of 2016, down 0.7% on the corresponding period a year earlier.

Fleury Michon saw sales slide 2.7% in the second quarter, offsetting a 1.4% year-on-year rise in the first three months of 2016.

The business reported a near-6% drop in sales to French supermarkets in the second quarter, a channel that represents over 80% of its annual sales. The company pointed to its decision to increase its net prices and cut promotional activities.

However, Fleury Michon insisted sales of products sold under its namesake brand declined at a slower rate, falling 1.9% in the first half. Fleury Michon-branded products "maintained" their market share in French supermarkets, the company said.

Sales from Fleury Michon's international business jumped 28% in the first six months of 2016 to EUR27.9m. It cited growth in Canada.

Fleury Michon plans to report its full first-half numbers next month.