The food and beverage group
Strauss
+ 1.09%
Base:9,380
opening:9,319
High:9,494
low:9,304
change:5,717,950
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Reports sales of NIS 2 billion in the fourth quarter, compared to sales of NIS 2.1 billion in the corresponding quarter last year, a decrease of 2.1%. The company’s operating profit amounted to NIS 183 million in the quarter, compared with NIS 181 million in the corresponding quarter last year, an increase of 1.1%. EBITDA amounted to NIS 275 million in the quarter, compared with NIS 270 million in the corresponding quarter last year, an increase of 1.7%.
“The business and financial resilience, the stability and the operational and business flexibility have allowed us to end this special, complex and unexpected year with impressive sales and profitability growth.” This is what the CEO of the Strauss Group, Giora Bar-De’a, said about the results. “This is thanks to the fact that we were able to generate strong sales in most categories across the activity, mainly for the retail sector, which is characterized by consumption of domestic consumption categories.” That in the near future we will also see a recovery in this sector with the return to routine in Israel and later around the world
“Despite the many challenges, we did not abandon the planning ahead this year and even accelerated growth and development processes in many channels: we started distributing Alpro products in Israel and decided to establish a plant for the production of vegetable dairy products in Israel. The production and development center for Strauss Water Technologies in China will be completed in the coming months. We have established a new market for coffee operations in Ukraine and made two acquisitions to grow coffee operations in Brazil.
“Looking ahead to developments and changes in the food world, this year we expanded the portfolio of start-up companies in our food-tech incubator and added six new companies to the team. membership”.
In 2020, the company reported organic growth of 4.6% in revenues to NIS 8.35 billion. The translation differences of the currencies against the strong shekel, and especially the Brazilian real, amounted to NIS 589 million, leading to a decrease in the company’s revenues of 2.25 against the previous year.
Organic operating profit Increased by 5.4% to NIS 924 million (115 of revenues). The profit in the bottom line amounted to NIS 551 million, similar to the profit in 2019.
Against the background of the results, the chairman of the Strauss Group, Ofra Strauss, said: “The whole year was a year of testing for the resilience and ability of the Strauss Group to maintain business continuity even in unprecedented conditions.
“This year the concept of ‘sustainability’ has taken on a broader meaning. Sustainability in its most basic sense is back to being our top priority – responsibility for the physical and mental health of people while conserving natural resources.”
Strauss Israel holds a 12% share of the food market And the drinks in Israel. The company increased sales in Israel by about 7.9%, which is beyond the growth of the market relevant to its products, according to Sterncast data. The company recorded revenues of NIS 3.7 billion in Israel, with the growth in sales mainly due to the dairy brands: Strauss, Yotvata and Danone; Achla salads; Mordechai hand products as well as elite cow chocolate tables. This increase is due to the stay in homes as well as the trend of home cooking and baking that have grown due to the effects of the corona. Operating profit this year amounted to NIS 418 million – a growth of 12.8% and increased to a rate of 11.3% of sales.
Strauss Israel reports a significant increase in the share of online sales (e-tail), mainly through the retail platforms, which already sell about 7% of total sales.
The coffee company reports a quantitative increase in sales in most countries, High growth in local currency sales in Poland, Russia and Ukraine as well as in Brazil where Tres Coracoes reached a market segment of about 31.2% after organic growth of 8.4% in local currency. In Israel, the coffee company is recording a 31% jump in capsule sales (according to Sterncast data). However, the company’s sales to hotels and restaurants as well as of the Elite Coffee chain, which constitute about 10% of its activity in 2019, were significantly affected this year due to the closures. The coffee company ended 2020 with revenues of about NIS 3.28 billion – Organic growth, neutralizing the effect of a currency of about 2.5%, which resulted from an increase in sales in the retail channels, which was offset by the damage to the sales channels outside the home.
Sabra is the largest dip and spread company in the United States Holding a market share of 61.9% has had a challenging year. The company was hit mainly by its sales to the “outside home” market, including restaurants and airports, as well as integrated packages designed for on-the-go consumption. In addition, Sabra faced challenges in the supply chain due to the corona. The company ended 2020 with sales of about NIS 1.3 billion, an organic decrease neutralizing a currency effect of 3.2% compared to 2019. Oval, which began this year with self-distribution of its products in Germany, sums up 2020 with sales of NIS 163 million – an organic decrease of about 1% .
Strauss Water continues to grow. The company enjoyed a strong year in its operations around the world and shows a growth of 6.4% in sales to NIS 668 million and a jump of 21.4% in operating profit. These results come despite the quarantine earlier this year in China and corona restrictions throughout the year
In Israel; The company reports record sales of new devices in Israel and the UK, and impressive sales growth in the fourth quarter in China, especially online.