Brief: Fromageries Bel H1 Operating Income EUR 88 Million

Unibel SA

27/07/2018 17:04

July 27 (Reuters) - Fromageries Bel Sa  FROB.PA :
    * H1 OPERATING INCOME EUR 88 MILLION VERSUS EUR 132 MILLION
YEAR
AGO
    * H1 NET INCOME GROUP SHARE EUR 53  MILLION VERSUS EUR 84
MILLION
YEAR AGO
    * H1 REVENUE EUR 1.62   BILLION VERSUS EUR 1.67 BILLION YEAR
AGO
    * WE EXPECT RAW MATERIAL PRICES TO REMAIN HIGH UNTIL AT
LEAST END
OF 2018.
    * GROUP REITERATES THAT AGREEMENT IT SIGNED IN FRANCE WITH
BEL
WEST PRODUCERS ASSOCIATION RAISED AVERAGE BENCHMARK PURCHASE
PRICE FOR MILK TO EUR 350 PER 1,000 LITERS OF MILK IN 2018.
    * ALLIANCES FORGED AMONG LARGE RETAIL FOOD CHAINS IN EUROPE
NEGATIVELY IMPACTED BEL'S ABILITY TO RAISE ITS SELLING PRICES

Source text for Eikon:  ID:nGNE2TgQpR 
Further company coverage:  FROB.PA 

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