Expansion Drives Strauss Q1 Earnings Growth

Driven mostly by domestic and international expansion, Israel's Strauss Group - the country's largest food and drink company by annual sales - has reported a 15.5% year-on-year (y-o-y) increase in Q1 (three months to March 2010) net income to ILS92mn (US$24.14mn). With sales revenue ticking up by an impressive 11.5% y-o-y, BMI believes the firm's increasingly strong international business (so important given the size and maturity of the Israeli market) is key to its long-term growth outlook.

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