Strauss Q1 Hit By Spiralling Coffee Prices

The Israeli food and drink giant Strauss has reported a 34.4% decline in Q1 (to March 2011) net income, despite growing its sales by 4.5% year-on-year (y-o-y) as high input costs (namely coffee prices) ate into its margins. It was almost impossible for the company to pass on all these rising costs to its consumers. Ongoing weakness in parts of Central and Eastern Europe also had an effect.

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