Swiss food maker Hero Group today (24 March) posted what it termed a “robust” sales performance for 2009 despite a fall in turnover.
The company, the parent of US baby-food maker Beech-Nut, booked a 0.9% fall in revenues to CHF1.79bn (US$1.68bn).
Go deeper with GlobalData
Hero, which did not disclose profit figures, said it made “excellent progress” in developing its business internationally, with Beech-Nut gaining share in the US. The company also cited “strong growth” in Russia, the Middle East and Africa.
Chief executive Stefan Heidenreich said: “The group’s top-line performance in 2009 was solid and clearly benefited from our focus on product categories that are relatively less exposed to general economic cycles.
“We are confident that our strong brands, our portfolios and our nutrition-focused innovation programmes will enable us to emerge stronger from the economic downturn in 2010.”
Hero officials could not be reached for immediate further comment.
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
