French agri-food co-operative Cecab has posted “stable” revenue for 2013, as the “good performance” of egg products and canned food helped partly offset tough trading conditions in the country’s pork sector.
Cecab, the owner of canned veg brand D’Aucy and pork processing business Gad, booked sales of EUR1.9bn for last year.
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Excluding charges from restructuring at Gad, the co-op said it had made a net income of EUR15.5m.
Asked for Cecab’s net sales and net income for 2012, a spokesperson replied that the co-op’s revenues were “stable”.
When asked what Cecab’s net income for 2013 was, including the Gad charges, the spokesperson said: “No comment.”
Gad had a challenging 2013, which has suffered in tough trading conditions in France’s pork sector. Cecab’s moves to restructure the business led to around 900 jobs being cut and it closing an abbatoir in Britanny .
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By GlobalDataIn its results statement, Cecab said the situation in the sector remained “very worrying” called on the French government to assist the industry. “The public authorities must take action to allow for the emergence of a collective solution,” Cecab noted. The spokesperson declined to comment further.
Cecab, meanwhile, said it plans to invest EUR60m in its business this year. The D’Aucy division will get EUR35m of the cash to spend on modernising production, NPD and marketing, the spokesperson said.
Elsewhere, Cecab will look to invest more in product development in its eggs division and in cereal collection.
