G. Willi-Food International has said that it anticipates revenues to increase by approximately 20% in the third quarter of 2006 over the comparable period of the previous year. The company added that it expects a revenue increase of around 22% for the first nine months of 2006.


Zwi Williger, president and COO of Willi-Food, said: “We continue to deliver consistent top line expansion in a dynamic market. The third quarter will mark our fourth consecutive quarter of double-digit revenue growth over the prior year and a 12% increase over second quarter.


“Overall demand for our products is only getting stronger and our new product lines have been well received. We recently launched a new cheese product similar to Roquefort, called Bloose, which we developed with our partner Arla Food. This is a unique product and represented a significant technical challenge, which I am happy to say we overcame successfully.”


Albert Israeli, CFO, said that the company has attained necessary financial backing to fund continued expansion. “Willi-Food closed a US$10m private placement with US institutional investors that provides us with the capital to build a new distribution centre that will increase our capacity and enable us to move forward with our plan to expand internationally.


“We are aggressively targeting opportunities to cross-market our innovative products to both kosher and organic consumers in the US, which represent markets of approximately $14bn and $24bn respectively,” continued Williger. “The health benefits of eliminating animal fats in the ‘kosherising’ process make our products attractive to consumers looking for better tasting low-cholesterol and low-fat alternatives, as well.”

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.

Willi-Food is due to publish its third quarter results in late November.