Food Union Delivers Strong Results Driven by Innovation of New Products and Consumer Demand During the Pandemic
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Investegate |Food Union Announcements | Food Union: Food Union Creates a Fusion of Flavours That Attract Consumers in Norway
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Food Union Creates a Fusion of Flavours That Attract Consumers in Norway
RIGA, Latvia, March 12, 2021 (GLOBE NEWSWIRE) With its investments in research and development Food Union continues to pave the way in experimentation with unique flavours rooted in local preferences that translate into beloved products that power its national and regional brands. We need to ensure our brands are based on flavours appealing to each market, says Normunds Stanevics, CEO of Food Union Europe. Food Union s success stems from each brands freedom and flexibility to research and develop products that will resonate with customers in each specific region.
Boldly Combining Tradition and Innovation
Food Union Tops 2020 Projections Despite Year of Global Uncertainty RIGA, Latvia (Business Wire) Food Union (Europe), a global ice cream and dairy producer and distributor, will wrap up 2020 by posting strong financial results and delivering outstanding commercial performance despite the global uncertainty caused by the COVID-19 pandemic. The Group has seen its market grow amid challenges caused by changing markets, evolving consumer preferences and transforming distributor value chains.
“I am pleased to announce that we are on track to achieve our goal of reaching a 5% increase in sales in 2020,”
said Normunds Staņēvičs, CEO of Food Union Europe. “This is very encouraging, given the unprecedented market dynamics this year. Strategically, it’s worth noting the increase of Food Union’s ice cream market share by an average of 0.5% across markets where we sell our products. In Food Union’s core ice cream business, profit margins increased by an average of 1.8%. This