CSM UK sees profit almost halve

12 October, 2012

CSM United Kingdom saw operating profit fall by 46% for the full year to 31 December 2011. 

The manufacturer of bakery ingredients and finished products reported a turnover increase of 6.5% to £155.67 million (m), in its latest accounts filed at Companies House.

However operating profit had fallen significantly from £13.1m in 2010, to just over £7m last year.

The UK arm of CSM global said that although it saw some recovery in business performance, as volumes increased, raw material cost inflation had continued to affect them.

“The directors expect the full year results for 2012, to show the impact of continuing increases in the cost of raw materials, driven by global demand and well as market sentiment and expectation,” said the firm.

CSM Global announced in May this year that it planned to sell both its European and North American bakery businesses - which includes CSM United Kingdom - to focus on bio-based ingredients.





My Account

Spotlight

Most read

Social