Declining Profits for Manner

IndustrialsChemicals ♦ Published: April 30, 2011; 09:41 ♦ (Vindobona)

The Austrian candy manufacturer experienced a steep rise in expenditures for commodities. EBIT declined from € 7.0m to € 4.2m.

Declining Profits for Manner / Picture: © Manner

Manner faced exploding commodity prices in 2010. The price for cocoa reached a new high since 1978. Costs for raw materials thus increased by € 6.4m and amounted to 32.7% of gross revenues (2009: 29.6%).

As a results, EBIT fell from € 7.0m to € 4.2m. Sales went up by 2.0% and accounted for € 158.5m. According to Manner, productivity has risen and bank debts could be…

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