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Over the past year, the retail group Valora laid the groundwork for future international future growth through various different measures. As a result, the company is projecting a significant increase in its operating profit.
According to a press release, Valora increased its earnings before interest and taxes (EBIT) to 79.0 million Swiss francs during the 2017 financial year. This corresponds to growth of 9.3 per cent. For the current financial year, the retail group expects to generate an operating profit of 90 million francs (+/- 3 million francs).
To this end, Valora has laid important groundwork on international markets. This included the acquisition of pretzel producer Pretzel Baron in the USA and the German self-service bakery chain Backwerk as well as the replacement of a production line at the German pretzel bakery Ditsch, which is part of Valora, to establish “the basis for the expansion of its market position as a globally leading producer of pretzels”. With its market entry in the Netherlands, the Group is further strengthening its international presence. Additional capacity expansions in Germany and the USA have been initiated for the next few years due to the strong level of demand.
“The 2017 financial year generated a good result and saw important groundwork laid for our future growth with the acquisitions of Backwerk and Pretzel Baron as well as the investments in our production capacities and the implementation of our long-term financing strategy,” Michael Mueller, CEO of Valora, commented in the press release: “All of this is putting excellent foundations in place for our further development with the strengthening of our core business and for our international expansion.”