French charcuterie-to-foodservice group Fleury Michon has forecast that profits could tumble 10% this year thanks to rising commodity costs.

The company has predicted an 8% rise in sales but warned that raw material costs could hit its bottom line this year.

The warning came as the group posted an 8% increase in net profit for 2007. Earnings reached EUR13.1m (US$20.9m), as revenue climbed 8.8% to EUR492m.

Higher sales countered a below-target performance at Delta Dailyfood Canada. The subsidiary was hit by higher raw material costs and an unfavourable exchange rate between the US and Canadian dollars.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData