Swiss retailer Bon Appetit Group has posted first-half net profit of CHF3.0m (US$2.16m), compared to an adjusted CHF6.7m a year earlier.

The company, which is currently being taken over by Germany’s Rewe, reported a 3.7% fall in sales to CHF1.50bn, compared to CHF1.56bn a year earlier.

Earnings before interest and taxes were CHF14.3m, down CHF5.6m from a year earlier, reported Dow Jones International News.

The company said it had put into place its new strategy, which includes focusing on restructuring its wholesale catering supplies business Howeg, and establishing a national food retail business under the Usego banner.

Bon Appetit said it expects to see the new strategy reflected in its second-half results.