Skælskør, 2013-03-27 10:35 CET (GLOBE NEWSWIRE) --
CEO Bernhard Griese on the interim report:
“The combination of rising input prices, continued fierce competition and declining consumption in the Northern European markets is putting the business under considerable pressure, and the negative market forces impacted both sales and earnings in the first three quarters of the financial year. And although our international activities continue to deliver double-digit growth rates, it is unfortunately not enough to offset the decline in our main markets.
That being said, we still see a very attractive potential in the geographical expansion, and the positive progress in our development activities within malt extract – also commercially – underpins our assessment of the market opportunities. We have a unique dedication in our company, which creates results on a daily basis, but we concede that it takes time for these to manifest themselves on the bottom line.”
Bernhard Griese
CEO
