The Bell Group takes its toll on high raw material prices
In Switzerland, too, the meat business is not easy
In the first half of 2004, the leading Swiss meat processor Bell had to report a drop in profits. The reason for this is primarily the persistently high raw material prices. Sales increased by 2,3% to CHF 744 million, the consolidated result fell by 18,5% to CHF 15,9 million.As expected, the consumer environment in the first half of 2004 proved to be very challenging for the Bell Group. Above all, the persistently high price level had an inhibiting effect on consumption. As a result of the higher price level, sales rose by 2,3% to CHF 744 million, but the volume output by the companies was only within the range of the previous year. At CHF 2004 million, profit development in the first half of 15,9 was around 18,5% below the previous year and therefore below expectations.