Swiss meat processor Bell Group has reported an increase in sales for 2013, with the top line boosted by pricing as volumes came under pressure.
Group revenue rose 3.7% to CHF2.62bn (US$2.89bn), the company said in a trading update yesterday (14 January). However, sales volumes fell 1.7% during the year.
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The company saw volumes decline as it raised prices to offset the “high prices” for raw materials.
The European meat processor said volumes dropped in its largest markets – Switzerland and Germany. Nevertheless, the group saw gains at its joint Eastern Europe/Benelux division and at its business in France.
Bell is due to report its full annual results on 24 February.
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