Swedish food-to-ethanol group Lantmannen has said that “weaker demand” in “several food categories” dented its half-year results.
Announcing that the company’s first-half figures were down year-on-year, Lantmannen said its food business had felt the negative impact of increased competition from private label and growing demand for low-proce products. The company said that the majority of its food categories booked “negative growth” in the period.
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Like others in the food sector, Lantmannen is increasing its focus on cost control. In particular, the group said that it is looking to strip costs out down the supply chain.
