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Financials May 2011: Frigoglass, Asda, Campari, Wiseman
The latest financial news for May 2011 includes Asda’s sales increase, Frigoglass’ net profit increase and Wiseman Dairies’ 3.5% increase in turnover.
12 May: Frigoglass consolidated net sales increased 44.6% to €134.8m for the first quarter of 2011. At a Consolidated level, Operating Profit (EBIT) advanced 65.5% for the quarter to €16.5m, reflecting the strong rise in sales and the positive effect of operating leverage. Net Profit increased 85.3% to €8.7m from €4.7m the previous year.
12 May: The board of directors of Davide Campari-Milano S.p.A. approved the results for the first quarter ending 31 March 2011.
- Sales: €268.4m (+14.9%, organic growth +10.5%)
- Contribution after A&P: €109.2m (+16.5%, organic growth +10.6%, 40.7% of sales) · Ebitda before one-offs: €69.4m (+17.4%, organic growth +11.5%, 25.8% of sales) · EBIT before one-offs: €61.6m (+17.9%, organic growth +11.4%, 23.0% of sales) · Group pre-tax profit: €50.5m (+16.6%) · Net financial debt at €618.7m (down from € 677.0m at 31 December 2010).
17 May: Asda Q1 Easter adjusted like for like sales up by 0.8% exc VAT, and by 1.7% inc VAT. Read the official Asda release here.
18 May: Robert Wiseman Dairies posts a 3.5% increase in FY 2011 turnover to £917.5m, with operating profit declining 29.7% to £35.3m.
18 May: Total turnover for the Eckes-Granini Group rose by 3.0% to €852m during 2010. Revenue from the core fruit beverage business (excluding bottled water distribution in Hungary) amounted to €831m, a gain of 3.7%. Volume sales rose 2.5% to 1,061m litres.
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