Listed meat processor Sardus, has reported 2000 full-year pre-tax profit up 20% to SKr91m, falling short by SKr6m of its forecast in October. The group blamed tougher competition and changes in its product mix that had not contributed to results as planned.
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Sales increased by 29% to SKr1.17bn. Much of the increase was due to the consolidation of its Danish 3-stjernet A/S acquistion.
For this year, Sardus said it saw compition and market prices develop in line with last year, given wholesale meat prices remained steady, and it forecast full year pre-tax profit of SKr75m.
The Swedish meat market has not of yet been severely affected by the BSE crisis affecting large parts of Europe.
By just-food.com correspondent based in Scandinavia
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