Brief: Bell Food Group H1 EBIT To Be Affected By Pork Price Increases
19/06/2019 09:20
June 19 (Reuters) - BELL FOOD GROUP AG BELL.S :
* PORK PRICE INCREASES OVER 30% SINCE BEGINNING OF YEAR
PLACES
STRAIN ON OPERATING RESULTS
* EBIT FOR THE FIRST HALF OF 2019 SET TO STAGNATE BELOW CHF
50
MILLION (PREVIOUS YEAR CHF 55.2 MILLION)
* CO'S CHARCUTERIE SEGMENT IS PARTICULARLY AFFECTED,
ESPECIALLY IN
GERMANY, AS BUYING COSTS WERE NOT PASSED ON TO SALES PRICES TO
REQUIRED EXTENT
* WEAK SEASON START AND NON-RECURRING COSTS FROM BAD
WÜNNENBERG
PLANT REORGANISATION HAD AN ADDITIONAL NEGATIVE IMPACT ON
EARNINGS
Source text: https://bit.ly/2XXrXex
Further company coverage: BELL.S
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920))
Recent news on Bell Food AG
See all newsBrief: Bell Food Group AG Reports HY Net Revenue Adjusted For Foreign Exchange And Acquisition Effects Grew By CHF 47 Million To CHF 2.4 Billion
Brief: Bell Food Group Says FY2025 Net Revenue Adjusted For Foreign Exchange And Acquisition Effects Grew By CHF 212.1 Million To CHF 4.9 Billion
Brief: Bell Food Group Says Appoints Sven Friedli As New CFO
Swiss stocks - Factors to watch on August 12
Brief: Bell Food Group Says HY Net Revenue Increased By 4.4% To CHF 2.4 Billion