In the second quarter of 2019, Henkel was affected by an increasingly difficult market environment. Sales were nominally and organically almost on prior-year level. The adjusted EBIT margin, adjusted EBIT and adjusted earnings per preferred share (EPS) were below the level of the prior year. Read more »
Osem, Nestlé’s Israeli subsidiary, announced that it agreed to sell its Noga ice cream business in Israel to Froneri. The decision completes the transition of Nestlé Europe, Middle East & North Africa (EMENA) ice cream businesses into Froneri, a joint venture set up in 2016 between Nestle and R&R. Read more »
Nestlé has announced today the launch of its YES! snack bars in a new recyclable paper wrapper. In a breakthrough innovation, for the first time a confectionery bar has been packaged in paper using a high-speed flow wrap technology. Read more »
EPP has successfully completed the purchase of four M1 shopping centres, closing tranche 2 of its multi-year M1 transaction. The JSE-listed company is already the largest owner of retail real estate in Poland by GLA and this deal with add an additional 141,000 sqm of GLA to its portfolio. Tranche 2 consisted of M1 shopping centres in Bytom, Czestochowa, Radom and Poznan. The deal is valued at... Read more »
Nestlé Vietnam and La Vie – Nestlé Waters today sign a partnership with seven other companies to establish a not-for-profit Packaging Recycling Organization Vietnam (PRO Vietnam) to support the growth of a strong, resilient domestic packaging collection and recycling ecosystem. Read more »
Nespresso, Reviving Origins Read more »
Dairy products in the fridges of European households are getting better for the environment. By the end of the year, across six countries, Arla is making 600 million fresh milk cartons renewable and 560 million yogurt pots recyclable, cutting 7,330 tonnes of carbon. Read more »
Italian cuisine has reigned in the ranking of Poland’s favourite foreign cuisines for many years. Italians are increasingly willing to reach for Polish specialties, too. Read more »
It is an unquestionable fact that the development of discount stores has saved the Polish FMCG trade. Without them, it would be like in Hungary and the Czech Republic. Read more »
The Fitch agency upholds its rating, pointing out the stability and thus encouraging investors for activity in Poland. Read more »
Each year, growing food exports are recorded in Poland1. The taste and high quality of Polish foodstuffs is mainly appreciated by European consumers, but it is well-known worldwide as well. According to preliminary data, 2018 saw EUR 15,047.3 million worth of Polish foodstuffs exported, the largest recipients were Germany and the UK. Read more »
The agri-food sector is the key segment of the Polish economy and simultaneously, the driving force behind national exports. The value of Polish agri-food exports in 2018 reached a record-breaking level of EUR 29.3 billion – more than 5.5 times higher than at the moment of Poland’s accession to the EU in 2004. Can we expect the upward trend to continue? What are the perspectives of Polish... Read more »
No European country has developed such a model of trade in food products as in Poland. And it should not be expected to undergo any major changes in the years to come. Read more »
Year after year, Polish foreign trade in agri-food products is breaking new records. These results confirm that the agri-food sector is a key segment of the Polish economy worth investing in and promoting, both on domestic and foreign markets. Read more »
The bottle of the Björn vodka manufactured by BZK Alco won the Art of Packaging 2019 in the Professional 2019 Thirst Packaging category. The bottle received the award “for the graphic design and the bottle shape design of the new Björn premium vodka brand”. The uniqueness of the packaging is confirmed by the fact this is not the first award for this design. Previously, it received the... Read more »
Modern-Expo SA has been elected the Ambassador of the Lublin Province. This title is granted to outstanding people, institutions and companies that have made a strong contribution to the promotion of the Lublin Region in Poland and abroad. Modern-Expo, an international producer and supplier of complex equipment for the retail industry, has been elected Ambassador of the Lublin Province in the... Read more »
▪ Consolidated sales up by +0.9% on a reported basis to €6,138m ▪ Start of the year as anticipated: like-for-like sales growth at +0.8%; growth set to accelerate from Q2 ▪ All reporting entities contributing to growth despite tough comparisons and calendar phasing ▪ Sale of Earthbound Farm reflects disciplined capital allocation and portfolio focus ▪ 2019 guidance confirmed:... Read more »
Tetra Pak has announced the appointment of Charles Brand to the position of President of Tetra Pak Europe & Central Asia (E&CA) Region and he will continue to be a member of the company’s Global Leadership Team. Read more »
LONDON (Reuters) - British Prime Minister Theresa May has formally asked for another delay to the country’s exit from the European Union, buying time to thrash out an alternative Brexit plan with her political opponents. Read more »
The European Parliament agreed on the ambitious measures proposed by the Commission to tackle marine litter coming from the 10 single-use plastic products most often found on European beaches, as well as abandoned fishing gear and oxo-degradable plastics. Read more »
Dino Polska S.A., a Polish grocery store network that is one of the fastest growing networks on the retail grocery market in Poland, posts rapid sales growth (+30.8% to PLN 5.8 billion), including a very robust level of like for like sales (LfL, +11.6% y/y). The Group also reports further profitability growth. The EBITDA result climbed 34.8% while the EBITDA margin rose 0.3 percentage points to... Read more »
A recent survey shows that half of the respondents are considering that sheep and beef farming in Wales had higher environmental standards than the global norm. Read more »
“In 2018, we continued to deliver profitable growth for Henkel. We achieved good organic growth with new highs in earnings and profitability. We also significantly increased free cash flow. At the same time, we faced substantial negative currency effects as well as increasing direct material prices. The overall good business performance was once again driven by our successful brands and... Read more »
The investment fund owned by Kernel acquired 100% interest in Rail Transit Kargo Ukraine LLC (RTK-Ukraine) for the enterprise value of USD 64 million. Read more »
Mark Schneider, Nestlé CEO, said: "We are pleased with our progress in 2018. All financial performance metrics improved significantly and we saw revived growth in our two largest markets, the United States and China, as well as in our infant nutrition business. Nestlé keeps investing in future growth and – at the same time – has increased the amount of cash returned to shareholders... Read more »
Nestlé announced that it proposes Dick Boer, former President and CEO of Ahold Delhaize N.V., and Dinesh Paliwal, President and CEO of Harman International Industries Inc., a subsidiary of Samsung Electronics Co., Ltd., for election to its Board of Directors. The elections will take place at the Annual General Meeting on April 11, 2019. Read more »
The Coca-Cola Company reported another quarter of solid operating performance, capping off strong financial results for the year. While reported net revenues declined due to refranchising and currency headwinds, the company delivered organic revenue (non-GAAP) growth within its long-term target for the sixth consecutive quarter, while also gaining value share globally. Read more »
Maxima Grupė’s company Maxima International Sourcing will begin operations from the start of February, providing agency services to the group’s retail chains in the Baltics, Poland and Bulgaria, developing private label brands, and engaging in wholesale trade. As CEO, the company’s Board has appointed Tomas Palevičius, who since last spring has been Chief Commercial Officer at Franmax. Read more »
The “Pszczółka” Candy Factory has signed a contract to supply a large batch of sweets with a distributor from the United Arab Emirates. The execution of this contract means tripling of exports and doubling of the total turnover of the company. As soon as January 2019, the first candies will reach Dubai to be available in the largest supermarket chain. Read more »
After the latest negotiations between Donald Trump and Xi Jinping, the world gained hope for an end to the customs war between Washington and Beijing, which dominated the last year. Meanwhile, one organization after another managed to reduce their economic growth predictions for most countries, and the information coming from the Polish industry are starting to worry economists. In the opinion... Read more »
