Kosher food specialist G. Willi-Food said its expects sales growth of 10% in the third quarter as demand for its products grows.
The firm said it was again able to achieve organic growth in the quarter to the end of September, as market demand for its kosher products continues to expand. In the group’s first-half in August, G. Will-Food recorded sales growth of 25% to NIS175m (US$49.6m).
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“Despite the fact that this year the entire Jewish new year holiday season was in September, significantly shortening the working month in Israel, we continued to gain traction with new customers while product sales to existing customers continued to grow,” said chairman Zwi Williger.
“Our growth in the third quarter was particularly impressive given that food consumption in Israel decreased overall by 3.2% in the third quarter of 2013 as compared to the third quarter of 2012, according to AC Nielsen Israel. Our strategy to organically grow our customer base and product line appears to be working.”
G. Willi-Food expects to release its financial results for the third quarter on 6 November.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
