Swiss meat processing company Bell Group said it is “holding up well”, despite booking a drop in first-half profits today (9 August).
The company said it faced a “difficult” trading environment in the six-month period as net profit declined 6.4% to EUR25.1m (US$31m).
Go deeper with GlobalData
EBITDA slid 5% to EUR78.9m as a result of a one-off provision of CHF6m for the closure of its Bochum facility in Germany in May.
Sales for Switzerland edged down 0.8% to CHF863m, which the company said was a result of sales prices being 3.6% lower on average.
Bell saw sales in its Germany division drop 1.1% to CHF231m, while group sales declined 1.7% to CHF1.23bn.
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.
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
