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Solid Results From Carlsberg Group
Carlsberg Group has reported an 11.2% decline in revenue to DKr58.54 billion (€7.87 billion) with organic revenue down 8.4% for the year ended 31 December 2020. Operating profit fell 7.3% to DKr9.699 billion and by 3.1% on an organic basis. Operating margin improved by 70 bps to 16.6%.
Adjusted net profit rose by 3.3% to DKr6.363…
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Successful Year For Mondelēz International
Mondelēz International, the global snacking group, has reported a 2.8% rise in net revenue to $26.58 billion for 2020, primarily driven by organic growth of 3.7% and incremental sales from the company’s acquisitions of Perfect Snacks in July 2019 and Give & Go, which was completed in April 2020, partially offset by unfavorable currency impacts.…
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Further Expansion by Wyke Farms
Wyke Farms, which is one of the UK’s largest independent cheese producers and milk processors, producing over 13,000 tonnes of cheddar per year, has completed its new export ‘centre of excellence’ based in Wincanton, Somerset. The centre includes a significant increase in cheese maturing capacity with an additional 2500 tonnes of cheddar stocks being aged…
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831 Food and Drink Acquisitions in 2020
2020 broke records again for the number of food and drink transactions around the world, with 831 registered on the Zenith Global mergers and acquisitions database, an average of 16 each week. The total is 42 more than in 2019 and 40% higher than 5 years ago. The number has risen every year…
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U.S. Dairy Exports Volume Sets All-time High Mark in 2020
Despite significant disruptions in trade throughout 2020, the United States exported nearly 2.4 million metric tons of dairy goods last year–a record-setting mark, according to data released by USDA’s Foreign Agricultural Service (FAS). In total, dairy exports were $6,452,903,000, up 9% from 2019.
Michael Dykes, D.V.M., President and CEO of the International…
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Roger Angold Wins Lifetime Achievement Award
Lead scientific consultant at Reading Scientific Services Ltd (RSSL), Roger Angold, has been presented with the Food and Drink Federation’s Lifetime Achievement Award in recognition of his outstanding dedication to the industry.
Roger’s distinguished career over the last 50 years has seen him become one of the UK’s most respected food scientists, as well…
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First Call For €100 Million Brexit Scheme For Irish Agri-food Sector
The Irish Government has opened the first call for applications under its €100 million Scheme for the Agri-food sector. The Scheme agreed by Government at the end of 2020, has been established in recognition of the sector’s unique exposure to the impact of Brexit. Up to €70 million is available under the first call, which…
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