Food Union Tops 2020 Projections Despite Year of Global Uncertainty 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 Stanevics, 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 is a significant outcome given the chall