Organic growth slowsThis article was originally published in Foodnews
SWISS fruit juice manufacturer, Thurella, has reported a loss of CHF11.0 million (US$9.6 million) for its last financial year. As it had previously warned (FOODNEWS 27 February), losses at its commodity arm, particularly the sugar operation, pushed it into the red. High gas, oil, maintenance and sewage costs also took their toll. Sales fell to CHF196.2 million from CHF200.9 million, after commodity sales slackened. Its juice arm performed well, with sales revenues up by 10.7% to CHF113.5 million. Sales of its organic line, Biotta, rose by 2.75% to CHF22.4 million; however, the brand sales growth between 2006-07 had been over 18%. Sales of organic food and drinks have been affected, said Thurella, as occasional buyers revert to cheaper conventional lines.