Bell Food Group with pleasing organic growth of 5 percent
The Bell Food Group achieved a good operating result in the first half of 2024 despite challenging conditions. At CHF 2.3 billion, net sales adjusted for currency and acquisition effects were CHF 113.0 million (+5.1 %) higher than in the previous year. "The figures are pleasing," says new CEO Marco Tschanz, "thanks to consistent implementation of the business strategy, strong operating performance and efficient cost management, we were able to gain market share and continue to grow organically by over 5 percent." EBIT exceeded the previous year by CHF 0.2 million or 0.3% and amounted to CHF 63.8 million. At CHF 45.3 million, half-year profit was slightly below the previous year's figure (CHF -1.2 million; -2.6%); adjusted for the lower foreign currency result in the financial result, it was stable at the previous year's level.
Competitiveness strengthened
The Bell Food Group was able to increase volumes thanks to its greater market presence. The higher overheads and personnel costs are attributable to this positive development, growth and inflation. Consumer demand for low-priced products continued - thanks to targeted product range management and innovative approaches, competitiveness was strengthened. "The increasing pressure on sales prices while costs remained at a high level was challenging," explains Marco Tschanz. "We were able to successfully counter this with our efficiency and differentiated product ranges."
All business divisions successful
Bell Switzerland increased its sales and once again achieved a strong performance despite a barbecue season that has so far been mixed due to the weather. Bell International gained further market share and is growing well despite the subdued market trend. The newly independent Hubers/Sütag division significantly expanded its sales volume, particularly in the organic segment. The Eisberg division grew in all markets. The new plant in Marchtrenk (AT) was the biggest growth driver and the newly launched range in the fresh-cut fruit segment attracted new customers. The Hilcona division achieved a very good result, particularly in its core market of Switzerland. The Hügli division was able to improve its margins despite higher procurement costs.
Investment program on track
The investment program for Switzerland is progressing according to plan. At the Oensingen (CH) site, the shell construction phases for the Slicer Center, Logistics Center and cattle slaughterhouse have been completed and the interior work is in full swing. The next stage in the construction of the high-bay warehouse at Hilcona in Schaan (LI) has begun with the start of the assembly of the steel shelving.
Outlook: confident for the second half of the year
The development of the individual markets will remain volatile due to political and economic influences. The new CEO adds: "The development of cost inflation, cautious consumer sentiment and intense competition in the market will continue to have a significant impact on the business performance of all divisions." In addition, the commissioning of the new plants at various locations will lead to the expected start-up costs and depreciation. However, the Bell Food Group is in an excellent strategic position and is well equipped for the challenges ahead with a broad product mix in all price ranges. "We are confident about the second half of 2024", says Marco Tschanz.
About the Bell Food Group
The Bell Food Group is one of the leading meat and convenience processors in Europe. Its range includes meat, poultry, charcuterie, seafood, convenience and vegetarian products. With various brands such as Bell, Eisberg, Hilcona and Hügli, the Group covers a wide range of customer needs. Its customers include the retail and food service sectors as well as the food industry. Around 13,300 employees generate annual sales of over CHF 4.5 billion. The Bell Food Group is listed on the Swiss stock exchange.