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Group Bel at glance Our history A responsible and profitable model International presence Our activities
Our brands and products Pleasure, quality and sustainability Discover Bel’s brands
Expertises Know how Industrial performance Innovation at Bel
Our commitments Contributing to healthier food Increasing the accessibility of our products Promoting Regenerative Agriculture Designing responsible packaging Fighting climate change Our Group Policies
Bel’s Foundation
Careers Our social model at a glance The Bel experience Bel jobs Student section Join us
Finance Financial calendar and Articles of association Shareholders Corporate gouvernance Regulatory information General meetings
Newsroom News Publications

2015 Third-quarter financial information

Organic sales growth totals 0.7% for the first nine months of 2015

Consolidated sales for the first nine months of 2015 totaled €2,181 million, up 6.5% versus the same period in 2014.

Excluding the positive 5.4% foreign-exchange impact and the positive 0.4% impact from the change in the scope of consolidation, sales grew 0.7% organically in the first nine months of the year.

In the third quarter of 2015, the Group generated consolidated sales of €731 million, up 3.9% over the year-earlier period. After excluding the positive impacts from foreign exchange fluctuations and the change in the scope of consolidation, Q3 sales declined 1.7% organically.

By geographical region, the sales trend was as follows:

In the fiercely competitive and contracting markets of Western Europe, sales declined only moderately in Q3, owing to the teams’ sales and marketing efforts and the power of Bel’s brands.

Sales in North and East Europe continued to suffer from unfavorable currency fluctuations, operating difficulties arising from the troubles in Ukraine, and a weakened economic environment across the region’s markets.

Sales in the Americas, Asia-Pacific region advanced versus Q3 2014, thanks primarily to a favorable forex impact and expanding Mini Babybel® sales in the United States.

Sales in the Greater Africa region include sales from Safilait, a recent acquisition, as of September 1, 2015. The region continued to achieve solid sales growth, with further expansion reported in all its markets in Q3 2015.
Sales in the Near and Middle East region were favorably impacted in Q3 by foreign exchange fluctuations. However, against the backdrop of a deteriorating geopolitical environment in numerous markets, the region reported a decline in Q3 sales at constant exchange rates.

Outlook for 2015
Market conditions remain challenging, with an uncertain economic environment, lackluster consumer spending in Europe and high foreign exchange volatility. In addition, heightened geopolitical tensions in some markets where the Group operates, particularly in the Near and Middle East, have increasingly made operations management more complex.

Nonetheless, the Bel Group remains confident in its ability to defend and develop its market positions, thanks to the strength of its brands, its strong policy of innovation and the talent of its teams.

This press release may contain forward-looking statements. Such trend and/or target information should in no way be regarded as earnings forecast data or performance indicators of any kind. This information is by nature subject to risks and uncertainties that may be beyond the Company’s control. A detailed description of these risks and uncertainties is provided in the Company’s Registration Document, available at (www.groupe-bel.com). More comprehensive information about the Bel Group can be found in the “Regulatory Information” section of the www.groupe-bel.comwebsite.