Savencia Fromage & Dairy has reported a decline in sales for 2016, affected by exchange rates, but the French group said its top line had grown on an organic basis.

The company, which has a portfolio of brands including Caprice des Dieux soft cheese and Brunch spreadable cheese, booked turnover of EUR4.41bn (US$4.68bn), down 0.5% on 2015. Savencia cited the fall in sterling, the Chinese yuan and South American currencies against the euro.

On an organic basis, sales were up 2.2%. Savencia said its organic sales growth “largely relied” on its operations outside France.

Measured at constant exchange rates and stripping out any changes in the size of the business, Savencia’s cheese sales grew 1.5%. On the same basis, sales from Savencia’s second division – “other dairy products” – rose 4.1%.

Savencia did not disclose figures for its profit performance.

The company was known as Bongrain but changed its name in 2015.

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.