MW Brands expects slight growth despite challenging market
Wednesday, May 06, 2015, 03:30 (GMT + 9)
Major European seafood company MW Brands expects to perform sales for EUR 646 million this year, a result that represents a significant contribution to Thai Union Frozen Products (TUF), which it completely belongs to.
"If there is a strong [tuna] price increase like in 2013, there will be an impact. But so far, we are very confident with the outlook" in the seafood market, pointed out MW Brands chief executive officer Elisabeth Fleuriot, The Nation reported.
Last year, MW Brands revealed 6 per cent increase in sales and 10 per cent growth in profits, without including the revenues from its two new subsidiaries: King Oscar (EUR 50 million) and MerAlliance (EUR 150 million).
The firm, which is on top of the list of shelf-stable seafood brands in many European countries such as France, Britain, the Netherlands and Italy, reported an operating profit margin exceed... FULL STORY