Turnover growth for cheese manufacturer Bel despite weak European performance | RetailDetail

Turnover growth for cheese manufacturer Bel despite weak European performance

Turnover growth for cheese manufacturer Bel despite weak European performance

French cheese group Bel, which owns amongst others La Vache Qui Rit, has managed a 7.5 % turnover growth in its first quarter, up to 714 million euro. The Middle East and Africa were Bel's saviours as its European home region performance ranges from weak to abysmal.

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).

Questions or comments? Please feel free to contact the editors


Belgian FNG Group wants speedy flotation in Brussels

13/06/2018

Belgian fashion group FNG hopes it can enter the Brussels stock exchange as early as next month, in order to secure a lot of new investments for the further expansion of its Brantano chain.

Zalando lets your smartphone choose your gift

06/06/2018

Starting from October, you can literally ask your smart phone which gift it wants to pick for you. Zalando and Google are collaborating on a gift-picking chat bot for the virtual Google Assistant, which is present on all Android phones.

Brantano wants to become "as big as Zalando"

06/06/2018

While Zalando is a strong multinational player, there has to be room in Belgium for a strong local fashion web shop. Dieter Penninckx, FNG Group's CEO, thinks that his brand Brantano can claim that place.

Web boutique CarréCouture relaunches after bankruptcy

28/05/2018

Belgian luxury web shop CarréCouture has gone bankrupt after a mere year. The Van Gansewinkel family, known from the waste company and co-owner of this formula, will try to relaunch anyway.

Isabel Marant opens first Dutch store

24/05/2018

Fashion brand Isabel Marant opened its very first Dutch boutique in Amsterdam. It is located in the P.C. Hooftstraat, in a former McGregor store.

Zara opens new flagship store with holograms and robots

18/05/2018

Zara’s remodeled flagship store in Stratford (London) welcomes customers with holograms, robot arms and iPad-powered employees. The store wants to unite the best of both the online and offline shopping world.