Improvement in Central Europe for Rieber & Søn
(Thomson Reuters ONE) - Rieber & Søn's sales 3.5% up in second quarter with operating profitsof NOK 55m.- It is especially gratifying to report an enhanced performance inCentral and Eastern Europe, says CEO Patrik Andersson.The accounts for the first half-year show operating profits of NOK151m, while the operating margin was 4.4% in the second quarter and6.0% in the first half-year. The weaker currency in Norway, the CzechRepublic and Poland against the Euro and the US dollar has increasedthe cost of Rieber & Søn's imports of raw materials and packaging.Ensuring lasting improvementsRieber & Søn has implemented a programme aimed at providing lastingimprovements in results of NOK 400m in 2012. The extra consumption ofresources of a one time nature in order to realise these improvementsis estimated to cost NOK 125m. So far, the programme has providedpositive effects totalling NOK 19m, and a corresponding amounts incosts.- The programme is progressing as planned and we will be able topresent greater positive effects in our next interim report, saysAndersson.Increased efficiencyAs part of the improvement programme, projects are underway at theplants in Arna (Norway) and Bysice (the Czech Republic), which willprovide lasting cost reductions of around NOK 50m on a whole-yearbasis.- A large part of this will be achieved through better planning andmore efficient work methods. The benefits of the programmes werealready apparent in the second quarter through less overtime and lessuse of temporary employees, says Andersson.The roll-out of the efficiency programme is continuing at theFrödinge plant in Sweden and at the Danish plants in Havnsø andSkælskør.Contact persons:CEO Patrik AnderssonTel.: +46761113400Financial Director Tor LundTel.: +4795272810Director of Communications Geir MikalsenTel.: +4790620851Rieber & Søn in briefRieber & Søn is one of Norway's leading food companies. The mainmarkets are the Nordic countries, Central- and Eastern Europe, wherethe Group has considerable market shares. Rieber & Søn developsproducts based on local taste, and shall inspire people to prepareexciting and tasty food in an easier way.Rieber & Søn has leading brands such as Toro, Denja, Mr.Lee, KingOscar (Norway), Frödinge (Sweden), K-Salat and Bähncke (Denmark),Delecta (Poland), Vitana (Czech Rep. and Slovakia) and Chaka(Russia).Rieber & Søn had a revenue of 5 billion NOK in 2008. The Group has aworkforce of 3 800 (2 550 of these outside Norway). Rieber & Søn hasproduction in Norway, Sweden, Denmark, The Netherlands, Poland, CzechRep. and Russia. In addition the Group has sales organisations inGermany, Great Britain, Slovakia, Belgium and US.http://hugin.info/121/R/1334342/316679.pdfhttp://hugin.info/121/R/1334342/316681.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 13.08.2009 - 08:10 Uhr
Sprache: Deutsch
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