"Kahvimyrsky" tuhosi Pauligin tuloksen

Article Abstract:

The increase in the price of raw coffee affected the financial statements of Finland's Paulig in the financial period ending 30 April 1998. Paulig's turnover increased to FIM 1.25bn (USD 0.2bn) from FIM 1.09bn the year before, while the profit decreased from FIM 162mn to FIM 81mn. The profit before extraordinary items and taxes decreased from FIM 198mn to FIM 96mn. Paulig's solvency ratio improved from 47% to 55%. Paulig's subsidiary Vaseco and the partly owned company Estrella performed well in the financial period of 1997-98. Tightened competitive situation and lowered consumption in Great Britain deteriorated the profitability of the subsidiary producing Lyons coffee. The operations in Russia and the Baltic countries are not yet producing profits. Pimenta did not reach the profit goals and it will be merged into the parent company.

Comment:

Increases turnover to FMk1.25 bil in 1997-98 from FMk1.09 bil year before, while profit decreases from FMk162 mil to FMk81 mil

Sales, profits & dividends, Coffee Beans, All Other Miscellaneous Crop Farming, Coffee (Plant), Paulig Group

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Teollisuus k ytt ulkomaista marjaa

Article Abstract:

Finnish Valio will buy as much strawberries in Finland as they can for their jam factory but domestic production will not be sufficient to cover for the demand. All required lingonberries and half of blueberries will be acquired in Finland. Apetit of L nnen Tehtaat say that use of Finnish berries is restricted by their high price and low supply. Finnish Marli has long-term purchasing contracts with currant cultivators. Marli buys 90% of their wild berries in Finland. Strawberries Marli has acquired in Spain and raspberries in Canada.

Comment:

Will buy as much strawberries in Finland for jam factory

Fruit and Vegetable Canning, Use of materials & supplies, Strawberry Jams & Preserves, Jam, Strawberries, Valio Oy

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