Geest

Article Abstract:

Geest is a major chilled food company which could become a bid target. The company is performing well in some high-value markets such as stir-fry foods. The move toward value-added foods has affected the company's long term performance. Retailers could seek to squeeze Geest, but this is not inevitable.

Food & Kindred Products, Frozen Food Manufacturing, Frozen Foods, Preserved Fruits and Vegetables

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Geest

Article Abstract:

Geest specialises in bananas and prepared foodstuffs. Profits from bananas have been affected by Hurricane Debbie which hit banana production on the Windward Isles. The company is investing in its food processing operations and ranks first in five of its nine key markets. Increased raw materials costs have affected margins. Geest's full year profit is forecast at some 15 million pounds sterling for 1995, with the group's Netca pineapple products likely to report a loss of 2 million pounds.

Food Products ex Beverages, Other Noncitrus Fruit Farming, Bananas, Food, Fruit industry, Fruit trade

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Geest

Article Abstract:

Geest is involved in private-label chilled food, having sold its banana operations for which it was well-known. The company benefits from guaranteed shelf-space by using retailers' own labels, and this means that supermarkets help creating demand for new products. Companies selling branded goods face more risks. Geest benefits from its critical mass, sound cash management and unborrowed balance sheet. The company faces legal action from Fyffes, but is also taking action against Fyffes.

Convenience Foods

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