SAVENCIA: activity at the end of September 2022
20 Octubre 2022 - 11:34AM
SAVENCIA: activity at the end of September 2022
Thursday 20 October 2022,
-
PRESS RELEASE: activity at the end of
September 2022
17.3% increase
in sales
|
Consolidated data in €M |
Sept. |
% |
Sept. |
% |
Changes in % |
|
2022 |
Sales |
2021 |
Sales |
Total |
Structure |
Change |
Organic |
|
|
SALES |
4,711 |
|
4,017 |
|
17.3 |
0.4 |
1.2 |
15.4 |
|
|
Cheese Products |
2,696 |
57.2 |
2,446 |
60.9 |
10.2 |
0.6 |
2.8 |
6.5 |
|
|
Other Dairy Products |
2,161 |
45.9 |
1,693 |
42.1 |
27.6 |
0.0 |
-0.7 |
28.5 |
|
|
Unallocated (Intra-Group transactions) |
-145 |
-3.1 |
-122 |
-3.0 |
19.2 |
0.4 |
1.2 |
17.5 |
|
Definitions and calculation methods for
aggregates such as structural effects, exchange rates, organic
growth, and net debt have not changed.They are defined in the group
financial report.
Savencia Fromage & Dairy sales rose by 17.3%
over the first 9 months of the year, of which 15.4% came from
organic growth alone. They benefited from a strong third quarter
with a growth rate of almost 26%. The positive currency impact of
1.2% is mainly due to the weakness of the euro against all
currencies except the South American ones.
On a like-for-like basis, sales of Cheese
Products increased by 6.5% at the end of September. This growth was
due to the price increases required to cope with costs inflation.
In this environment, and despite good growth in the Americas,
volumes fell slightly, penalized by partial delisting from some
European retailers.
Sales of Other Dairy Products increased
organically by 28.5%, based on industrial product prices that
remain high following the sharp rise at the beginning of the year.
The volume mix effect is slightly positive despite the decline in
volumes in the Belgian activities, penalized by the July 2021
floods.
Outlook
In the current environment, the Group shall
continue to rely on its territorial roots, the strength of its
local brands and the strong commitment of its teams.
Nevertheless, the activity might be impacted by
the global economic situation with its consequences on the dairy
economy and household purchasing power.
Corporate Social
Responsibility
The Group is pursuing its efforts in terms of
social and environmental responsibility through its Oxygen program.
He has conducted a global employee survey. The results showed a 10%
improvement in the «Trust Index» and an increase by 15% of the
overall perception of Savencia by the teams, compared to the same
survey conducted in 2019. Many subsidiaries have now been awarded
the «Great Place To Work» label.
|
Further information can be found on our website
Savencia-fromagedairy.com |
- Savencia SA_Activity at the end of September 2022
Savencia (LSE:0DTK)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Savencia (LSE:0DTK)
Gráfica de Acción Histórica
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