Turnover growth for cheese manufacturer Bel despite weak European performance

2.3 % organic growth

Advantageous exchange rate fluctuations have helped Kiri, Leerdammer, Boursin and Babybel’s manufacturer to establish a 7.5 % turnover growth. Its organic turnover growth still reached an admirable 2.3 %, although those numbers were not achieved all across the board.

The Western Europe region is the most important region for the company, with a 267 million euro turnover (+ 2.2 %). The region represents about a third of Bel’s total turnover. North and Eastern European performances were not as good for the French cheese specialist: turnover dropped 9.8 % to 126 million euro in these regions.

Bel did manage to post impressive turnover growths in the rest of the world: + 29.5 % in America and the Pacific region (worth 116 million euro already), + 22.7 % for the Near and Middle East (worth 125 million euro) and + 11.9 % for Africa (80 million euro).