French group Fleury Michon said its sales performance in the country’s supermarket channel weighed on its top line in 2016, offsetting growth from its international and foodservice arms.

Group-wide sales fell 2.6% to EUR737.8m (US$785m) last year as the company lapped a year of “strong revenue growth” in 2015. 

Revenue generated from Fleury Michon’s French supermarket business – its largest unit – decreased by 4.4% in the period, declining to EUR625.2m. The company said its sales were depressed by “relatively flat demand” coupled with price increases and lower promotional activity. 

This decrease more than offset gains elsewhere in the business. International sales increased by 13.5% reflecting “good business levels”, particularly in Canada. Fleury Michon’s foodsercive business expanded by 5.1% in the 12 months, the French company added. 

Looking to 2017, Fleury Michon said it will focus on “certified sourcing channels”, product health benefits and additions to the vegetable protein range. The company added that these efforts will be supported by marketing spending to support growth. 

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
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.