Strauss Group Ltd (SGLJF) 14.3000 $SGLJF
Strauss Group concludes 2014 with 4.2% organic sales growth excluding foreign currency impacts and 12.6% growth in net profit, thanks in part to income from the revaluation of currency hedging transactions [1]
PR Newswire Europe - Mon Mar 23, 4:48AM CDT
Gadi Lesin, President and Chief Executive Officer of Strauss Group (TASE: STRS.TA), said today (March 23, 2015): "Strauss Group has posted good annual results despite complex local and global challenges. Along with record results in two of the Group's key international growth drivers - the coffee company in Brazil (Tres Coracoes Joint Venture)((2)(3) )and the dips and spreads company in the U.S. and Canada (Sabra) - we coped with a political and economic crisis in Russia and Ukraine and a food market suffering a considerable slowdown in our home market, Israel. Strauss continues to implement a strategy aimed at deepening operations abroad while simultaneously tailoring the company to accommodate the changes and challenges in the Israeli food market. In addition, today we reported that the coffee company had filed a confidential draft prospectus with the SEC."
Strauss Group concludes the third quarter of 2014 with 7.1% organic sales growth excluding FX effect and 6.8% growth in EBIT
PR Newswire - Wed Nov 26, 1:47AM CST
Gadi Lesin, President and Chief Executive Officer of Strauss Group (November 26, 2014): "We have concluded a positive quarter that reflects sales growth in all of the Group's major business areas. The forex challenges that were typical of the last three quarters were met with the right financial response, leading to an improved net profit. We are persevering in the strategy aimed at deepening our international operations, doubling production by Sabra in the US and further expanding our coffee businesses in Brazil and in Romania. In parallel, in light of the challenges posed by the slowdown in the Israeli food market our product innovation efforts continue, coupled with the appropriate operational deployment."
Strauss Group concluded the first half of 2014 with approximately 3.3% organic growth (excluding the foreign currency effect)
PR Newswire Europe - Wed Aug 20, 1:52AM CDT
-- Thanks to an improvement in the results of our international growth drivers, in the second quarter the gross profit grew by 2.7%, and the currency effect on sales was estimated at approximately NIS 95 million
Strauss Group concludes 2014 with 4.2% organic sales growth excluding foreign currency impacts and 12.6% growth in net profit, thanks in part to income from the revaluation of currency hedging transactions [1]
PR Newswire Europe - Mon Mar 23, 4:48AM CDT
Gadi Lesin, President and Chief Executive Officer of Strauss Group (TASE: STRS.TA), said today (March 23, 2015): "Strauss Group has posted good annual results despite complex local and global challenges. Along with record results in two of the Group's key international growth drivers - the coffee company in Brazil (Tres Coracoes Joint Venture)((2)(3) )and the dips and spreads company in the U.S. and Canada (Sabra) - we coped with a political and economic crisis in Russia and Ukraine and a food market suffering a considerable slowdown in our home market, Israel. Strauss continues to implement a strategy aimed at deepening operations abroad while simultaneously tailoring the company to accommodate the changes and challenges in the Israeli food market. In addition, today we reported that the coffee company had filed a confidential draft prospectus with the SEC."
Strauss Group concludes the third quarter of 2014 with 7.1% organic sales growth excluding FX effect and 6.8% growth in EBIT
PR Newswire - Wed Nov 26, 1:47AM CST
Gadi Lesin, President and Chief Executive Officer of Strauss Group (November 26, 2014): "We have concluded a positive quarter that reflects sales growth in all of the Group's major business areas. The forex challenges that were typical of the last three quarters were met with the right financial response, leading to an improved net profit. We are persevering in the strategy aimed at deepening our international operations, doubling production by Sabra in the US and further expanding our coffee businesses in Brazil and in Romania. In parallel, in light of the challenges posed by the slowdown in the Israeli food market our product innovation efforts continue, coupled with the appropriate operational deployment."
Strauss Group concluded the first half of 2014 with approximately 3.3% organic growth (excluding the foreign currency effect)
PR Newswire Europe - Wed Aug 20, 1:52AM CDT
-- Thanks to an improvement in the results of our international growth drivers, in the second quarter the gross profit grew by 2.7%, and the currency effect on sales was estimated at approximately NIS 95 million
