Listed meat processor Sardus, has reported 2000 full-year pre-tax profit up 20% to SKr91m, falling short by SKr6m of its forecast in October. The group blamed tougher competition and changes in its product mix that had not contributed to results as planned.
Sales increased by 29% to SKr1.17bn. Much of the increase was due to the consolidation of its Danish 3-stjernet A/S acquistion.
For this year, Sardus said it saw compition and market prices develop in line with last year, given wholesale meat prices remained steady, and it forecast full year pre-tax profit of SKr75m.
The Swedish meat market has not of yet been severely affected by the BSE crisis affecting large parts of Europe.
By just-food.com correspondent based in Scandinavia
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData