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Bel Sales after adjusting for Covid impact in 2020 Q1 2021 sales totaled €840.2 million1, down 7.5% on a published basis. Sales declined 3.6%(2) organically, but grew 0.2% after excluding the Q1 2020 sales spike tied to the Covid-19 pandemic. Amounts are expressed in millions of euros and rounded off to the nearest million. Ratios and variances are calculated based on underlying amounts, not rounded off amounts. Antoine Fievet, Chairman and Chief Executive Office of the Bel Group, said, I want to thank all of Bel s employees, who mobilized once again this quarter to fight the Covid-19 pandemic and its consequences on our activities and their personal lives. The unprecedented growth that we reported in Q1 2020, buoyed by increased food purchases and stockpiling by consumers around the world, automatically led to a sales decline at the beginning of this year. While our business environment remains marked
Fromageries BEL: Bel: First quarter 2021 financial information: Sales
Bel
Sales
after adjusting for Covid impact in 2020
Q1 2021 sales totaled €840.2 million
1, down 7.5% on a published basis.
Sales declined 3.6% 0.2% after excluding the Q1 2020 sales spike tied to the Covid-19 pandemic.
Amounts are expressed in millions of euros and rounded off to the nearest million. Ratios and variances are calculated based on underlying amounts, not rounded off amounts.
Antoine Fievet, Chairman and Chief Executive Office of the Bel Group, said, I want to thank all of Bel s employees, who mobilized once again this quarter to fight the Covid-19 pandemic and its consequences on our activities and their personal lives. The unprecedented growth that we reported in Q1 2020, buoyed by increased food purchases and stockpiling by consumers around the world, automatically led to a sales decline at the beginning of this year. While our business environment remains marked by uncertainty and si