Dutch bakery ingredients company CSM has reported a 10.1% rise in net profit before goodwill for the full year to the end of September.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company reported net profit from ordinary operations before amortisation of goodwill of €195.2m (US$193.9m), compared with €177.3m last year. Analysts had forecast profit of €196m.
Net profit after goodwill and excluding exceptional items was up 7.2% to €153m, while total sales fell 5.6% from €177.3m in the previous year. The company said the fall in sales was due to the sale of its food unit, while profits were boosted by acquisitions and cost-savings.
CSM, which makes King mints and Sportlife chewing gum, has taken over four businesses in the last year including the Dutch ingredients business of German company Hero’s, reported Het Financieele Dagblad.
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
