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). 

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.