At September 30, 2012 Bongrain SA's net sales were
up 1.1% over the comparable period of 2011.
Consolidated data in millions of euros | Net sales | Change | |||||
09/30/12 | 09/30/11 | Total | Structure | Exchange | Growth | ||
BONGRAIN SA | 2,959.7 | 2,855.3 | 3.7 % |
1.7 % | 0.8 % | 1.1 % | |
By product line: | |||||||
Cheese products | 1,881.5 | 1,854.9 | 1.4% | - 1.0 % | 0.7% | 1.7 % | |
Other dairy products | 1,141.6 | 1,055.5 | 8.2% | 6.6 % | 1.0 % | 0.4% |
Growth in cheese products has slackened following the fall in
consumption in certain markets experiencing economic crisis,
such as Spain. Our specialty brands nevertheless maintained
satisfactory development thanks to their proven qualities and
to sustained commercial and marketing support.
The fall in the markets for fats, less buoyant in both volume
and value terms than at the end of the 1st half of 2012, has
limited the growth in other dairy products.
The structural impact on sales reflects the full
consolidation of Milkaut with effect from February 2011 and
of Sinodis with effect from October 2011.
The positive foreign exchange impact mainly reflects the gain
in value of the dollar compared to the euro.
The Group's financial structure has not experienced any
particular evolution compared to that disclosed in its
financial statements for the 1st half of 2012. Bongrain SA
has initiated the sale of its minority interest in Fromagerie
des Doukkala (Morocco) following the disposal by SNI of the
controlling interest in its dairy operation.
Within a difficult economic context marked by slowing
consumer demand in numerous markets, Bongrain SA continues to
develop its specialty brands.
Bongrain SA has begun talks with the Terra Lacta cooperative
with a view to a business partnership and to the creation of
a joint venture in the Poitou Charentes region.
(2012-10-16)
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