Bell Group has booked a slight increase in profits for 2013 as a decline in margins was more than offset by higher sales.
The company said today (24 February) that net profit increased 1% to CHF76.6m (US$86.2m) in the year to end-December. EBITDA rose by around CHF4.5m to CHF190m, as the group lapped one time costs totalling approximately CHF9m.
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Bell said that an increase in raw material prices hit gross margins, which fell from 33% to 32.1% in the period.
Bell was, however, able to raise selling prices in the year. As a result the company booked a a 3.7% increase in sales, which rose to CHF2.62bn. Bell said it increased prices by around 7%, while sales volumes declined 1.7%.
