Swiss meat processing company Bell Group has booked an increase in full-year profits, despite what it claims has been a “demanding” market environment.
In the 12 months to the end of December, net profit climbed 5.9% to CHF75.8m (US$82.1m), the company reported today (15 February).
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EBITDA amounted to CHF185.1m, a 9.4% decline on the prior year period. Bell attributed the drop to special costs from the closure of it Bochum plant, amounting to around CHF9m, and a one-time insurance credit in the previous year of around CHF6m.
Sales in the period amounted to CHF2.53bn, a 0.4% increase on last year.
Bell said business conditions in 2012 were “challenging” with raw material prices continuing to rise in most markets.
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By GlobalData
