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ISRAEL

Strauss Group is a branded, multi-category and innovative food and beverage group. The group is an international corporation with a strong home base in Israel, where it is the second-largest food and beverage group. Overall, Strauss operates 30 production sites in over 20 countries around the world, including Brazil - where it is the largest coffee player; and the U.S. - where it leads the category of refrigerated fresh dips and spreads, including hummus.
Strauss has strategic and financial collaborations with leading global players such as Danone, PepsiCo, Haier and Virgin.
The Group is traded on the Tel Aviv stock exchange (Ticker: STRS) and included on the TA25 Index (TASE largest public companies). Strauss is rated ilAA+ by S&P Maalot and ilAa2 by Moodys Midrug (equivalent to A-/BBB+ and A3/Baa1, respectively, on an international scale).
The Group's non GAAP 2016 sales were approximately NIS 7.9 billion (including partnerships sales), of which international operations accounted for 48%.

https://www.strauss-group.com/

Strauss Group Announces a Strong Third Quarter With 5.5% Sales Growth and Net Profits Up by 35%, Following Outstanding Results Achieved by Strauss Coffee and Strauss Water and Healthy Growth Exceeding the Food and Beverage Market in Israel(1)
        
PETACH TIKVA, Israel, Nov. 16, 2017 /PRNewswire/ -- Gadi Lesin, President and CEO of Strauss Group (TASE: STRS) (November 16, 2017): "The Group continues to post excellent financial results in all key metrics. The third quarter perpetuates the trend of prior quarters and demonstrates a strong performance by Strauss Israel and noteworthy results achieved by the Group's global growth drivers in the coffee and water companies, along with continued focus on efforts to improve Sabra's results. The results of our operations in key countries, including Brazil, Russia, China, Australia and Israel – combined with the initial deliverables of implementing our strategy of focusing on our core businesses – have generated robustness and stability the Group can continue to build on in the future."

Q3 2017 highlights(1)

Strong organic sales growth, excluding foreign exchange effects, was c8.3%. Shekel sales were NIS c2.2 billion compared to NIS 2.1 billion in the corresponding prior-year period; sales were impacted by negative foreign currency translation amounting to NIS c34 million, mainly as a result of the weakening of the BRL against the NIS compared to the corresponding period.
Gross profit was NIS c809 million (c36.6% of sales), up c0.7% compared to the corresponding prior-year period. Gross margins were down c1.7%.
Operating profit (EBIT) was NIS c221 million (c10% of sales), up c3.4% compared to last year. EBIT margins were down c0.2%.
EPS for shareholders of the Company was NIS c1.09, up c26.4% compared to the corresponding prior-year period.
Positive cash flows from operating activities totaled NIS c181 million, compared to NIS c132 million in 2016.
(1)            Based on the Company's non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period, including adjustments required for deferral of profit or loss from commodity derivatives until the inventory is sold to external parties, and other income and expenses, net, unless stated otherwise.

First nine months 2017 highlights(1)

Organic sales growth, excluding foreign exchange effects, was c7.3%. Shekel sales were NIS c6.3 billion compared to NIS 5.9 billion in the corresponding prior-year period; sales were impacted by positive foreign currency translation of NIS c4 million, mainly as a result of continued gains by the BRL against the NIS compared to the corresponding period.
Gross profit was NIS c2,342 million (c37.0% of sales), up c3.5% compared to the corresponding prior-year period. Gross margins were down c1.3%.
Operating profit (EBIT) was NIS c631 million (c10% of sales), up c3.6% compared to last year. EBIT margins were down c0.3%.
EPS for shareholders of the Company was NIS c3.04, up c17.6% compared to the corresponding prior-year period.
Positive cash flows from operating activities totaled NIS c294 million, compared to NIS c402 million in 2016.
(1)            Based on the Company's non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period, including adjustments required for deferral of profit or loss from commodity derivatives until the inventory is sold to external parties, and other income and expenses, net, unless stated otherwise.

The Financial Statements for the third quarter of 2017 and Investors Presentation are posted on the Group's Investor Relations website at:

http://ir.strauss-group.com/phoenix.zhtml?c=92539&p=irol-irhome


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