French agri-food business Fleury Michon has recorded a third-quarter dip in turnover of 2.6% relative to 2015, which is attributable to unfavourable tariffs and price-war conditions in France.
Internationally, however, the food company continues to solidify its brand – it experienced growth in Canada, Spain and Italy of 21.1%, 3.6% and 10.4% respectively.
In terms of its meat products, which are all branded, sales were down by 1.5%. These account for 71.2% of its turnover, according to ZoneBourse.com.
Prepared meals (16.1% of its turnover) were down 7.3%, while Surimi (12.7% of turnover) fell 9.6%.
The company's Q3 turnover stood at €188.1 million.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Peter Donnelly. To subscribe to ESM: The European Supermarket Magazine, click here.
