Industrial bakery group Kamps today [Wednesday] reported a strong rise in profits to €107m (US$92.48m) for 2001.
Go deeper with GlobalData
Sales climbed by 13% to €1.7bn, or by 5% if the impact of acquisitions is stripped out of results. EBITA (earnings before interest, tax and amortisation) reached €107m, up from €103.4m in 2000.
The group forecast considerable growth in earnings for 2002. “For the current year, Kamps foresees organic revenue growth of five percent and a substantial increase in EBITA as initiatives started in 2001 contribute to results,” it said in a statement.
The company plans to issue €300m in senior notes due 2009. The offering should be complete by m id-February.
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.
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
