Danish Crown one of the global pork majors reported recently and seemed relatively satisfied with results.
Danish Crown posted a net profit of DKK 819 million for the first six months of the 2015/16 financial year.
Jais Valeur, new President and CEO of the global food group which is domiciled in Randers, Denmark, but which has activities and sales in more than 130 countries, is reasonably satisfied with the results:
- The retail market is extremely competitive, it is dominated by ever-larger chains, and it is characterised by an increasing focus on discount products and a constant demand from consumers for lower prices. This is putting pressure both on livestock farmers and on the prices paid to farmers in general. Seen in this light, posting results which are marginally below those for the prior-year period is satisfactory, says Jais Valeur.
http://www.danishcrown.com/News-and-Press/News/Satisfactory-financial-results-despite-tough-competition.aspx
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