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Strauss Group sales NIS 2.07 billion

Christian Fernsby ▼ | August 13, 2019
Strauss Group posted sales of NIS 2.07 billion in the quarter, reflecting a drop of 1.4% compared to the corresponding period; however, in organic terms and excluding foreign currency effects, sales increased by 1.7%.
Strauss Group
Strauss Group   The group's gross profit in the quarter was approximately NIS 822 million
As mentioned, the difference is primarily due to the impact of softer currencies in the coffee company's countries of operations.

Topics: Strauss Group

In terms of earnings and profit margins Strauss Group has delivered another strong quarter, with an increase in profit and improved profit margins for the group and the subsidiaries, mainly thanks to continued innovation and long-term productivity implementations.

The group's gross profit in the quarter was approximately NIS 822 million, accounting for 39.6% of sales, compared to a gross profit margin of 38.7% in the corresponding quarter last year and reflecting an improvement of 1.1% in gross profit.

The operating profit margin in the quarter was 11% of sales and amounted to NIS 227 million, compared to NIS 207 million in earnings and an EBIT margin of 9.9% in the second quarter of 2018, reflecting an improvement of 9.4% in operating profit.

On the bottom line, the group concluded the second quarter of 2019 with a net profit of NIS 121 million, an increase of 9.5% over the corresponding period last year.

The improvement in net profit is the result of the increase in operating profit.