Kosher food importer and supplier G. Willi-Food International has said it expects to report a 45% increase in sales for the first quarter of the 2008 fiscal year, on the back of both organic and acquisitive growth.

“Willi Food is excited to start the New Year on firm ground,” said president and chief operating officer Zwi Williger. “The solid revenues achieved in the quarter were, in part, attributable to our healthy organic business, in addition to the strategic acquisitions whose revenues are now fully recognised in the quarter.”

Williger said the company expects gross profit and margins to have improved in the first quarter compared with the latter half of the 2007 fiscal year.

“The addition of Shamir Salads and of the US import licence acquired from our Danish subsidiary are important components that will help bolster our revenue stream in the coming year,” Williger added.

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By GlobalData