M-Industrie, the food manufacturing arm of Swiss retailer Migros, has recorded an increase in full-year sales.

Organic growth and acquisitions abroad contributed to a 2.5% increase in sales for the firm, which stood at EUR5.32bn (US$7.20bn), the firm noted today (11 February).

The firm’s meat, fish and poultry division was “the engine of growth” for the firm in 2010, recording a 5.7% increase in sales. The figure was boosted by expansion and the integration of fish production cooperatives, its said.

The dairy and cheese division, however, saw a 1.4% decline in sales for the year. Despite this, the firm said that activities with third parties in Switzerland and abroad, were “significantly strengthened”.

Negative inflation of around 2% and exchange losses on exports resulted in a 2.1% decline in sales for the firm’s bread, pasta and bakery products division.

The positive development of foreign operations resulted in a 0.8% improvement in sales for the chocolate and coffee division.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Click here to view the full earnings release.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now