CSM rallies, but volumes in H1 decline

14 August, 2009
Page 10 

The parent company of Bake-Mark UK, CSM, has reported increased sales for the second quarter of 2009, but volumes in bakery were down 3% for the first half of the year (H1).

The Netherlands-based bakery products supplier announced sales for Q2 were €647.6m (£549.1m) compared to €629m (£533.3m) in 2008. Sales for the first half of the year (H1) stood at €1,283.7m (£1,088.3m), up from €1,247.2m (£1,057.4m) last year.

Net sales for its Bakery Supplies North America division were down 3.6% for H1 and sales in its Bakery Supplies Europe division were down 3.5%.

CEO Gerard Hoetmer said strategic investments in 2007 and 2008 are showing "increased momentum" and that products that respond to healthy trends in bakery are helping to strengthen the firm's position in the market.





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