Food and beverage

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Givaudan

Growth headwinds persist through Q4

Givaudan’s Q4 revenue out-turn has missed expectations and points to slowing momentum as pricing-led organic growth begins to taper. Weakness in North America Flavours has now...

C&C

Enhanced platform, enhanced potential

Twenty months on from the Matthew Clark Bibendum (MCB) acquisition, C&C’s ambitions for its integrated platform continue to develop. MCB has quickly re-emerged as a highly relevant...

Ingredients

2020: risk of a growth sabbatical – time for vigilance

Delivery of best-in-class revenue growth has been a defining tenet of sector leadership in Flavour and Fragrance (F&F)/Ingredients. A strong relationship exists between the rate of...

Cranswick plc

Greater-than-expected ASF tailwind drives material profit upgrade

The proximity of Friday’s (January 17th) release to last February’s profit warning highlights the depth of the African Swine Fever (ASF) crisis in the Far East – which Cranswick has...

Associated British Foods

Finance Director briefing – reaffirmation of Primark ambition and business model

We hosted an institutional briefing with John Bason, Associated British Foods Group Finance Director in London on January 17th. Bason struck a confident tone on the long-term potential...

Südzucker

Stronger ethanol markets offset continued sugar losses

Sudzucker (SZU) has delivered an improved Q3 result, underpinned by strong ethanol markets and lower sugar losses. The sugar segment has now delivered six consecutive quarters of...

Greencore Group

A bridge too far? Assessing Greencore’s revenue growth ambitions

Across our coverage universe, the incidence of slowing growth has become more commonplace. Greencore’s recent trading proves this dynamic and prompts us to test its medium-term...

Cranswick plc

Analyst briefing – earnings momentum skewed to the upside

The African Swine Fever (ASF) situation in China marks a critical juncture for the global protein market. The magnitude of the pork volume shortfall in China is offering substantial...

Cranswick plc

Strong revenue and profit delivery underpinned by export performance

Against the backdrop of competitive domestic markets, Cranswick has delivered a strong set of results. The African Swine Fever (ASF) situation in China has prompted a surge in...

Greencore Group

FY results in line – against a more subdued revenue environment

Greencore delivered an in line FY 2019 result. Good underlying free-cash conversion was notable. It exited FY 2019 with slowing top-line momentum as market conditions in the UK remained...