Zito Expects Flat 2010 Sales

After reporting FY09 (ending December 31 2009) sales revenues of EUR115.7mn, Slovenian food company Žito has said it expects annual value sales to remain flat in 2010, with non-Slovenian sales outperforming. Despite anticipated year-on-year (y-o-y) volume sales growth of 1.5%, driven by new product launches targeting the confectionery industry in particular, headline value sales are expected to continue being weighed down by relatively low sales prices and, in the case of the flour, pastry and frozen foods business units, streamlining of product

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