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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.
Ferrero’s consolidated revenues hit EUR11.4 billion (USD12.33 bln) in 2019, a 6.2% increase compared with the previous EUR10.7 bln.
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.
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.
Despite significant cost savings and growth in flavoured milk and cheese, Norway's milk giant TINE saw losses in its full-year financial results.
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.
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