News

Financial news, 9 November 2011: Symrise, Carlsberg, Raisio

Shaun Weston9 Nov 2011

The latest financial news for 9 November 2011 includes Chr Hansen, Symrise, Carlsberg, Coca-​Cola Hellenic, Raisio, Associated British Foods, Nestlé India and Hansen’s.

Chr Hansen

Chr Hansen revenue in 2010/​11 amounted to €636m, up 15% compared to financial year 2009/​10. Organic revenue growth of 14% EBIT before special items up by 14% to €159m. In Q4 2010/​11, revenue increased by 5% compared to Q4 2009/​10, corresponding to an organic revenue growth of 9%. EBIT before special items reached 28% in Q4.

Symrise

Symrise remains on course with an EBITDA margin of 20.1% for the first nine months of 2011. The Group achieved its targeted margin despite a further economic slowdown in the third quarter and sustained high raw material prices. In certain regions, Symrise discontinued selective activities with low margins and continued strict cost discipline throughout the Group. Group sales increased about 2% compared to the strong prior-​year figures, which were characterised by catch-​up effects. The flavour business as well as activities with global customers significantly contributed to this growth. The Emerging Markets also continued to provide positive impetus for growth.

Carlsberg Group

In the first nine months of 2011, Carlsberg Group’s beer volumes grew by 2%, net revenue growth was 4%, while operating profit declined by 12% in line with expectations.

Coca-​Cola Hellenic

[Coca-​Cola Hellenic Bottling Company(organisation/coca-cola-hellenic-bottling-company-sa) posts a 1% rise in net sales revenue to €5.33bn for the first nine months of 2011, with volume sales flat at 1.62bn unit cases.

Raisio

Raisio reports a 27.6% growth in Q3 2011 net sales to €141.7m, with EBIT climbing 70% to €10.7m.

Associated British Foods

Associated British Foods sees FY 2011 group revenue increase 9% to £11.1bn, with grocery division revenues up 7%, boosted by a strong performance from Twinings and Ovaltine.

Nestlé India

Nestlé India posts a 19.5% increase in Q3 2011 net profit to Rupees 2.61bn, boosted by a 19.9% rise in net sales to Rupees 19.63bn.

Hansen Natural Corporation

Hansen Natural Corporation reports a 24.4% increase in Q3 2011 net sales to US$474.7m and announces plans to roll out Ubermonster, a 16.9oz non-​alcoholic fermented malt drink, next year.

Central European Distribution Corp

Central European Distribution Corporation sees Q3 2011 net sales climb 45.1% to US$228.9m, but reports an operating loss of $645.2m due to an impairment charge for goodwill and trademarks.

Recent financial news

Your comments (0)

Add your comment

Please login or register to post comments.

See also

Latest news