Global Industry: Valora on course for growth

Bremerhaven. (bm) After winning the strategically important SBB tender, Switzerland’s Valora Holding was reporting on its business model as well as its growth strategy and communicating its mid-term targets until 2025 at its Investors’ Day. Valora has made good progress this year, but corrects its profit targets in 2019 due to applicable accounting standards (IFRS 16) for the new SBB contracts; free cash flow is not affected by this. Valora expects major profit growth as of 2021. Other topics of the week:

• Cerealto Siro: sells El Espinar plant to PastisArt [ES] Fri 07-12
• Brinker Intends To Acquire 116 Franchised Chili’s Units [US] Fri 07-12
• PepsiCo: Reports Second Quarter 2019 Results [US] Thu 07-11
• PureCircle: Names New Top Additions To Its Team [US] Thu 07-11
• TreeHouse: sells Snacks Division to Atlas Holdings [US] Wed 07-10
• Papa John’s Appoints Chief of Restaurant Operations [US] Wed 07-10
• Mintel: Top US Flavour and Ingredient Trends 2019 [US] Tue 07-09
• Bord Bia Brexit Barometer 2019: Results + Actions [IR] Tue 07-09
• Global Vending Machine Market: will grow 17% until 2023 [UK] Mon 07-08
• UK food and drink exports: Biggest Q1 on record [UK] Mon 07-08
• Valora Holding: 2019 on course for growth [CH] Sat 07-06
• Froneri: buys Israels «Noga» Ice Creams from Nestle [UK] Sat 07-06