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Borges reports strong income despite falling turnover

Borges closed the 2018-19 (June-May) marketing year with a net profit of EUR20 million (USD21.6 mln), a third more year-on-year, despite turnover falling by 15.8% to EUR690.

Dried Fruit & Nuts Oils & Oilseeds

Key brands send Ferrero revenues soaring

Ferrero’s consolidated revenues hit EUR11.4 billion (USD12.33 bln) in 2019, a 6.2% increase compared with the previous EUR10.7 bln.

International Dried Fruit & Nuts

IFF closes the year with growing sales in all units

The US flavours house International Flavors & Fragrances (IFF) reported total sales of USD5.1 billion in 2019, 29% more than in 2018 with growth in all units, including the contribution of sales related to Frutarom.  

Essential Oils Citrus Oils

Strong recovery in Acomo’s operating profit

The Dutch spice, nut, edible seed, tea and food ingredient trader Amsterdam Commodities NV (ACOMO), listed on the Euronext Amsterdam exchange, reported that its sales were flat at EUR701.4 million (USD760.1 mln) in 2019 compared with the previous year, although EBITDA increased sharply by 10% to EUR50.4 mln, led by its companies Catz International and the European edible seed business unit.

Spices & Exotics Dried Fruit & Nuts

TINE’s full-year financial results expectedly lower

Despite significant cost savings and growth in flavoured milk and cheese, Norway's milk giant TINE saw losses in its full-year financial results.

Norway Dairy Products

Kraft Heinz net sales tumble

The food giant net sales were down by 5.1% in 2019 over a general declining demand for processed food. The largest loss was recorded on the Canadian market, following the natural cheese divestiture.

International Canned & Tomato Products
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