Blog: Katy AskewHain Celestial CEO characteristically jovial

Katy Askew | 20 August 2014

Hain Celestial founder, president and CEO Irwin Simon is not one to maintain a stony face when discussing his company's performance. This morning's (20 August) conference call was no exception.

"Wow! What a performance this company has made," the chief executive enthused as he discussed Hain's 2014 results and 2015 outlook with analysts.

And Simon has good reason to be upbeat, with Hain posting a bumper set of sales and strong profit growth in a year that the company also completed a number of strategic acquisitions.

Indeed, acquisitions and growing distribution have been key levers for Hain's success over recent years. As Simon reflected: "We've successfully completed ten acquisitions over the last four years. I've integrated each of them and then carefully have invested behind the growth, the consumer awareness and increased consumption."

And despite this shopping spree, Hain has maintained a "strong" balance sheet and retains the financial flexibility to pursue future "strategic opportunities" as they present themselves, the chief executive continued.

The company is also feeling the wind in its sails from growing demand for health and wellness products across its markets.

"We continue to be better positioned than ever before with the right people, brands, global infrastructure to drive sales and earnings growth for at least the next several years. As I said before, and we all know it to be true, healthy eating is not a trend or fad but increasingly to be a major part of our lives."

With all this in its favour, no wonder Simon is optimistic as he looks to the future.

Click to view our news and analysis coverage of Hain's result.


Intermarche broke rules with Nutella promo, French watchdog says

The pandemonium in stores of Intermarché as shoppers scrambled to grab jars of cut-price Nutella went viral - but the country's competition watchdog has announced the French retailer broke rules on se...


Big Food in investor spotlight this week at CAGNY

The senior management of a number of the major food manufacturers operating in the US will be in Florida this week for a key date on investor calendars....


Another UK meat supplier under microscope

Sunday saw another product recall involving another UK meat supplier announced by the country's food standards watchdog....

Forgot your password?