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Fresh Produce

Groupe Bel Record High Q3 Sales

By square1
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Groupe Bel Record High Q3 Sales

Groupe Bel, the French company behind Babybel, has posted a 2.8% rise in third-quarter sales.

Revenue reached €683 million in the three months to the end of September. Excluding the impact of foreign exchange, sales were up 6.8% during the period.

Sales were up across all of Bel's business regions, except the combined Americas and Asia-Pacific division. Bel's third-largest region was affected by foreign exchange.

Without that impact, Bel's sales in the Americas and Asia-Pacific would have increased year-on-year, albeit at a slower pace than in previous quarters.

Bel's largest region by sales is Western Europe and sales there rose 2.6% to €272 million.

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In the Middle East, the company said in a statement that it experienced double digit growth.

To access a full report on Bel's Q3 performance, click here.

© 2013 - European Supermarket Magazine by Enda Dowling

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