STOCKHOLM (AFX) Chicken Company Scandi Standards sales grew by 8 percent in constant currency in the first quarter and it was especially the Norwegian operations, which increased.
In Norway, the company reported revenues of SEK 332 million, an up 32 percent in local currency and the Norwegian business thus accounted for around 24 percent of group sales.
growth in Norway was achieved according to the company, thanks to a recovery in the market in which the comparative quarter last year was weak.
“We also benefited from increased volumes of Coop Norway and that deliveries to NorgesGruppen was initiated during the quarter,” the company’s CEO Leif Bergvall Hansen in the report.
in Sweden increased turnover by 6 percent, while the margin improved. Here, the Scandi Standard to “product innovation, improved product mix and production efficiencies.”
In Denmark, which accounts for about 40 percent of consolidated revenues, sales decreased by 6 percent.
“the Danish market was characterized by continued strong competition and price pressure, both locally and in relation to exports,” wrote Leif Bergvall Hansen.
No comments:
Post a Comment