▪ 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 »
The number of new export orders is dropping for the fifth month in a row, Polish companies will have more difficulties selling products on EU markets: Sonia Buchholtz, an economical expert of the Lewiatan Confederation comments the PMI results for Poland. Read more »
The success of our food exports is derived from the success of the domestic food market. However, it would be naïve to think the reduction of the internal market power through restricting chain companies could be compensated for with exports so that producers would not be left without customers. Read more »
2018 was abundant in events important for the Polish poultry sector, affecting both the functioning of the domestic market and the industry’s international situation. Poland invariably occupies the position of a leading poultry producer in the European Union, and the new export prospects opening up are very promising. Read more »
Poland is among the largest producers and exporters of goose meat. We produce almost 8 million geese, which equals 45,000 tons. The vast majority is scheduled for export. For many years, the Germans and the French had been the greatest recipients of Polish goose meat. In 2018, Hong Kong became the largest importer. Domestic consumption is on the rise too. Only several years ago, a statistical... Read more »
Excellent quality, healthy environment, sustainable manufacturing – these are the advantages of Polish, affecting the level of agri-food exports from our country. Therefore, there can be no wonder that the value of food exported from Poland between 2004 and 2017 recorded an increase by as much as 421 percent. Yet we still have growth potential and there are many regions of the world where... Read more »
The current situation of the confectionery industry is stable, the value of the confectionery market in Poland is estimated at more than PLN 12 billion; including salty snacks and ice cream, it exceeds PLN 16 billion, due to which we can also count on growth of the order by 1-2% annually. Read more »
Interview with Arkadiusz Majchrzak, Export Manager, Terravita Sp. z o.o. Read more »
Interview with Magdalena Azikiewicz, Marketing Manager, ZPC Śnieżka Read more »
Interview with Małgorzata Cebelińska, Director of Trade Department at SM MLEKPOL in Grajewo. Read more »
Interview with Elżbieta Bąkiewicz, Export CEO, Bogutti Read more »
Interview with Jarosław Zawadzki, President of the Board, Dr Gerard Read more »
Nestlé laid out its broader vision to achieve a waste-free future and announced a series of specific actions towards meeting its April 2018 commitment to make 100% of its packaging recyclable or reusable by 2025, with a particular focus on avoiding plastic-waste. Read more »
The South American country reported beef exports of 1.354 thousand tonnes. Read more »
Dino Polska S.A., one of the fastest growing retail grocery networks in Poland opened 202 new stores in 2018, compared to 147 in the previous year, signifying 37% growth year on year. That means that as at 31 December 2018 Dino’s network now numbers 977 stores. In Q4 alone, it opened 82 stores. Read more »
Brown-Forman Corporation (NYSE: BFA, BFB) reported results for its second quarter and the first half of fiscal 2019, ended October 31, 2018. For the second quarter, the company’s reported net sales were flat1 at $910 million (+3% on an underlying2 basis) compared to the same prior-year period. The company estimates that second quarter’s underlying net sales growth was negatively impacted by... Read more »
