France’s Groupe Bel Sees Sales Impacted By Foreign Exchange Markets In Q1
Groupe Bel, the French dairy firm behind Babybel cheese, saw consolidated sales fall by 1.1% in the first quarter of its financial year, to €813 million.
The group attributed this decline to foreign exchange impacts, which impacted sales to the tune of €48 million.
If forex impact is excluded, consolidated sales grew 4.8% organically in Q1 2018.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!