The Bell Food Group is continuing to grow
11.08.2022, Ad hoc release pursuant to Art. 53 LR
The Bell Food Group posted encouraging organic growth in the first half of 2022. Net revenue, after adjustment, rose by 6.2 percent to CHF 2.1 billion. This growth is attributed to the recovery of the convenience segment, the improved utilisation of the Marchtrenk (AT) facility and the rapid implementation of price increases in response to inflation.The coronavirus situation has normalised as expected. As a result, the food service channel recovered substantially while the high, pandemic-driven retail sales contracted slightly. The extraordinarily severe and rapid inflation was unexpected.The speedily implemented price increases could not entirely keep up with inflation. At CHF 63.0 million, EBIT is – after adjustment – only slightly below the previous year's record (CHF -2.6 million, -4.0 %). This result was made possible by the rapid implementation of price increases and immediate initiation of cost measures. EBIT was thus CHF 5.0 million higher than the pre-pandemic reference value for 2019.The Bell Food Group could not escape the negative currency developments. The half-year result was CHF 40.2 million, which, after adjustment, is CHF 10.9 million below the previous year.The convenience business areas Eisberg, Hilcona and Hügli benefited from the growth momentum in the food service market. This made up for the expected decline in the business area Bell Switzerland following the normalisation of the market. Bell International is well positioned in the market and posted gratifying organic growth, but lost sales volume in view of depressed consumer sentiment.The Bell Food Group adopted its new sustainability strategy 2022–2026 in the first half of 2022. The new strategy pursues ambitious objectives, and also takes account of the upstream and downstream value chains for the first time.Read more
Coop Group wants to increase its share in Bell Food Group to more than 66.67%, but has no plans for takeover or delisting
23.06.2022, Ad hoc release pursuant to Art. 53 LRRead more
Bell Food Group's Investor Day in Landquart and Schaan
At the Bell Food Group's Investor Day 2022, investors and analysts visited the Hilcona Taste Factory in Landquart and the new production facility for fresh convenience at Hilcona's headquarters in Schaan.
Successful bond issue by the Bell Food Group
The Bell Food Group successfully placed a bond of CHF 300 million with a term to maturity of 7 years on the Swiss capital market on 6 April 2022. The net proceeds will be used to refinance the bond maturing on 16 May 2022 as well as for general financing purposes, in particular for the investment programme for Switzerland.Read more
The Bell Food Group is optimising its Group structure in the convenience growth segment
The Bell Food Group is adjusting its organisational structure and reorganising the business areas at top Group level. The business area Convenience will be split into the three independent business areas Eisberg, Hilcona and Hügli.Read more
Strong core business: the Bell Food Group had another excellent financial year
11.02.2022, Ad hoc release pursuant to Art. 53 LR
In 2021, the Bell Food Group achieved its best ever result. In adjusted terms, sales revenue improved by 3.2 % to CHF 4.2 billion, EBIT by 2.5 % to CHF 164.5 million and the annual profit by 10.0 % to CHF 129.5 million. The dividend should be increased by CHF 0.50 to CHF 7.00 per share.The strong core business with meat and convenience products in the Swiss retail market was the most important driver for the good financial year. The broad diversification of product categories and sales channels once again proved to be a strategic advantage that will continue to be of great importance going forward.All business areas contributed to the good result: Bell Switzerland substantially expanded its market leadership in seafood. Bell International reported gains overall, in particular for organic poultry. In the business area Bell Convenience, vegetarian products and fresh pasta posted the strongest growth.Until 2025, the Bell Food Group will invest strongly in the expansion and modernisation of its production infrastructure in Switzerland. In this way, the company will strengthen its production capacity and its position as a leader in its home market Switzerland for many years to come.Read more
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