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Osnat Golan
Osnat Golan
VP Corp Communications, Digital, Sustainability & Spokesperson
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Gil Messing
Gil Messing
Dir. External Communications & Government Relations
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Anat Lev-Confortes
Anat Lev-Confortes
Public Relations Manager
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Strauss Group
10/08/2017

Strauss Group's Second Quarter Results Demonstrate a strong performance in the Group’s core businesses (1)

Sales grew a solid 5.6%; Operating and net profits rise led by Strauss Coffee, Strauss Water and Strauss Israel; Strauss Group will distribute dividends in the amount of NIS 160 million   Gadi Lesin, President and CEO of Strauss Group (August 10, 2017): “The past quarter has delivered the first fruits of the implementation of the Group’s strategy focusing on our core businesses, as we attained the full control of the coffee and water companies following minority acquisitions; increasing our holding in the joint venture in China and sold Max Brenner. These strong results are proof of the significant value these moves have delivered to the Group and to its shareholders. The business in Israel continues to outperform the Food & Beverage market, and the laudable achievements of Strauss Coffee and Strauss Water have positively impacted the bottom line, in spite of the continued effect of the recall by Sabra. We believe that the strategic changes implemented in our portfolio over the past year will continue to reflect positively on the group, enabling us to face the challenges which lie ahead in the global and local markets.”   Q2 2017 highlights (1) Organic sales growth, excluding foreign exchange effects, was c6.2%. Shekel sales were NIS c2 billion compared to NIS 1.9 billion in the corresponding period in 2016; sales were impacted by a negative currency translation amounting to NIS c13 million mainly as a result of the continued strengthening of the average exchange of the NIS against the USD compared to the corresponding period last year. Gross profit was NIS c753 million (c36.9% of sales), up c2.7% compared to the corresponding period last year. Gross margins were down c1%. Operating profit (EBIT) was NIS c187 million (c9.1% of sales), up c2.3% compared to the corresponding period last year. EBIT margins were down c0.3%. EPS for shareholders of the Company was NIS c0.91, up c24.9% compared to the corresponding period. Positive cash flows from operating activities totaled NIS c199 million, compared to NIS c296 million in the corresponding period last year.   (1) Data represent the Company's non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period, reflects all adjustments necessary to delay recognition of profit or loss arising from commodity derivatives until the date when the inventory is sold to outside parties and other income and expenses, unless stated otherwise.   H1 2017 highlights(1) Organic sales growth, excluding foreign exchange effects, was c6.7%. Shekel sales were NIS c4.1 billion compared to NIS 3.8 billion in the corresponding period in 2016; sales were impacted by a positive currency translation amounting to NIS c38 million mainly as a result of the continued strengthening of the average exchange of the Brazilian Real against the NIS compared to the corresponding period last year. Gross profit was NIS c1,533 million (c37.2% of sales), up c5.1% compared to the corresponding period last year. Gross margins were down c1.1%. Operating profit (EBIT) was NIS c410 million (c9.9% of sales), up c3.7% compared to the corresponding period last year. EBIT margins were down c0.5%. EPS for shareholders of the Company was NIS c1.99, up c15.2% compared to the corresponding period. Positive cash flows from operating activities totaled NIS c113 million, compared to NIS c270 million in the corresponding period last year.   (1) Data represent the Company's non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period, reflects all adjustments necessary to delay recognition of profit or loss arising from commodity derivatives until the date when the inventory is sold to outside parties and other income and expenses, unless stated otherwise.     (1) Data represent the Company's non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period, reflects all adjustments necessary to delay recognition of profit or loss arising from commodity derivatives until the date when the inventory is sold to outside parties and other income and expenses, unless stated otherwise. (2) Investments include the acquisition of fixed assets and investment in intangible assets. Note: Financial data were rounded to NIS millions. Percentages changes were calculated on the basis of the exact figures in NIS thousands.     (1) Data represent the Company's non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period, reflects all adjustments necessary to delay recognition of profit or loss arising from commodity derivatives until the date when the inventory is sold to outside parties and other income and expenses, unless stated otherwise. (2) Fun & Indulgence figures include Strauss’s 50% share in the salty snacks business. International Coffee figures include Strauss’s 50% share in the Três Corações joint venture (3C) – Brazil – a company jointly held by the Group (50%) and by the local São Miguel Group (50%). International D&S figures reflect Strauss’s 50% share in Sabra and Obela. Other Operations figures include Strauss’s 34% share in the joint venture in China, Haier Strauss Water (HSW). Note: Financial data were rounded to NIS millions. Percentages changes were calculated on the basis of the exact figures in NIS thousands. Total figures for International Dips & Spreads were calculated on the basis of the exact figures for Sabra and Obela in NIS thousands.       (1) Data represent the Company's non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period, reflects all adjustments necessary to delay recognition of profit or loss arising from commodity derivatives until the date when the inventory is sold to outside parties and other income and expenses, unless stated otherwise. (2) Investments include the acquisition of fixed assets and investment in intangibles assets. Note: Financial data were rounded to NIS millions. Percentages changes were calculated on the basis of the exact figures in NIS thousands.       (1) Data represent the Company's non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period, reflects all adjustments necessary to delay recognition of profit or loss arising from commodity derivatives until the date when the inventory is sold to outside parties and other income and expenses, unless stated otherwise. (2) Fun & Indulgence figures include Strauss’s 50% share in the salty snacks business. International Coffee figures include Strauss’s 50% share in the Três Corações joint venture (3C) – Brazil – a company jointly held by the Group (50%) and by the local São Miguel Group (50%). International D&S figures reflect Strauss’s 50% share in Sabra and Obela. Other Operations figures include Strauss’s 34% share in the joint venture in China, Haier Strauss Water (HSW). Note: Financial data were rounded to NIS millions. Percentages changes were calculated on the basis of the exact figures in NIS thousands. Total figures for International Dips & Spreads were calculated on the basis of the exact figures for Sabra and Obela in NIS thousands.     Appendix Note: Financial data were rounded to NIS millions. Percentages changes were calculated on the basis of the exact figures in NIS thousands.     Investor Conference Calls Strauss Group will host an Investor Conference call in Hebrew on Thursday, August 10, 2017 at 14:00 (Israel time) to review the Financial Statements of the Company for the second quarter. To participate please dial: 03-918-0688 Strauss Group will also host an Investor Conference call in English on Thursday, August 10, 2017 at 17:30 local Israel time (15:30 UK, 10:30 Eastern time) to review the Financial Statements of the Company for the second quarter. To participate in the live call please dial one of the following numbers: From the UK: 0-800-917-5108 From the US: 1-888-407-2553 From Israel: 03-918-0687 The Financial Statements and Investors Presentation are posted on the Group’s Investor Relations website at: http://ir.strauss-group.com/phoenix.zhtml?c=92539&p=irol-irhome   For further information please contact: Daniella Finn Director of Investor Relations Strauss Group Ltd. 972-54-577-2195 972-3-675-2545 Daniella.Finn@Strauss-Group.com       Osnat Golan VP Communications & Digital, Spokesperson Strauss Group Ltd. 972-52-828-8111 972-3-675-2281 Osnat.Golan@Strauss-Group.com Or Gil Messing External Communications Director Strauss Group Ltd. 972-54-252-5272 Gil.Messing@Strauss-Group.com      
DR. SAMER HAJ-YEHIA APPOINTED TO STRAUSS GROUP BOARD OF DIRECTORS
13/06/2017

DR. SAMER HAJ-YEHIA APPOINTED TO STRAUSS GROUP BOARD OF DIRECTORS

Strauss Group Chairperson, Ofra Strauss, today announced the appointment of Dr. Samer Haj-Yehia to the Group’s board of directors as an external director, after the appointment was approved by the general meeting of shareholders of the company. Ofra Strauss, Chairperson of Strauss Group: “I am happy that the general meeting of shareholders has approved the board of directors’ recommendation to appoint Dr. Samer Haj-Yehia to the board of directors. His appointment follows the recent appointment of Ms. Dalia Narkys, who joined our board several months ago as an external director, and the retirement (following expiration of the term of office permissible by law) of Professor Dafna Schwartz, Dr. Michael Anghel, Dalya Lev and Akiva Mozes. “Every member of the board of directors has a significant role in shaping our development as a company. I would like to wholeheartedly thank Dafna, Dalya, Michael and Akiva for their great contribution to the Group’s maturation and its success. “The recruitment of new directors is an opportunity for us to enrich and tailor the competencies, expertise and qualifications of the board in view of the challenges facing the company and its strategic plans. I believe that beyond Samer’s expertise and his wealth of experience in accounting and finance, he will enrich us with his extensive international experience and unique personal competencies, which will generate a significant contribution to the Group. All of us at Strauss wish Samer every success in his role.” Dr. Haj-Yehia, married with two children and resident of Taybeh, has a PhD in Macroeconomics from MIT, an MBA in Finance and Banking, an MA in Economics, a BA in Accounting and Economics and an LLB from the Hebrew University of Jerusalem. He holds a license to practice law after having completed his internship at the Herzog Fox Neeman Law Office, and also completed an accounting internship at Deloitte. Dr. Haj-Yehia has held a series of senior positions in the US with major consulting and investment firms, including six years as Vice President of Financial Engineering at Fidelity Investments. Dr. Haj-Yehia’s academic experience includes lecturing positions in a variety of courses on economics, finance and entrepreneurship at several leading universities in the US and Israel, including Harvard, MIT, the Hebrew University of Jerusalem and the IDC Herzliya. He is a member of the board of directors of Bank Leumi and a member of several of the board’s committees. He also chairs the audit committee of the Hadassah Hospital in Jerusalem and is a member of the Council for Higher Education of Israel. Dr. Haj-Yehia is extensively involved in voluntary social activities in a number of organizations such as Kav Mashve for the advancement of employment opportunities for the Arab community and Collective Impact. Strauss’s board of directors recommended Dr. Haj-Yehia’s appointment following a professional process carried out in the past several months, led by the board’s nominating committee and accompanied by an independent outside consultancy.
Strauss Group announces yet another strong quarter with 10.8% top line growth and net profits up by 8.1%
29/05/2017

Strauss Group announces yet another strong quarter with 10.8% top line growth and net profits up by 8.1%

The stellar results were driven by continued strong performance at Strauss Israel and Strauss Coffee and improvement in the results of Strauss Water; The Group focused on the active optimization of its portfolio during the quarter   Gadi Lesin, President and CEO of Strauss Group (May 29, 2017): “Strauss-Group continues to actively manage its portfolio in order to optimize performance; during the past few months we have completed the acquisition of the full ownership of Strauss Coffee and Strauss Water, the sale of the Max Brenner chain to the local franchisee and have expanded our investment in China by exercising our option to acquire an additional 15% stake in the Haier Strauss Water Joint Venture ; these strategic moves were carried out along with the continued improvement of the group's financial results. Strauss Israel delivered an especially strong quarter, and our core businesses in coffee and water have continued to post consistent growth. We continue to implement our strategy and believe that it will deliver value to our shareholders, employees, partners and, of course, to our consumers all over the world.” Q1 2017 highlights (1) Organic sales growth, excluding foreign exchange effects, was c7.4%. Shekel sales were NIS c2.1 billion compared to NIS 1.9 billion in the corresponding period in 2016; sales were impacted by a positive currency translation amounting to NIS c51 million as a result of the continued strengthening of the BRL against the NIS compared to last year. Gross profit was NIS c780 million (c37.4% of sales), up c7.4% compared to the corresponding period last year. Gross margins were down c1.2%. Operating profit (EBIT) was NIS c223 million (c10.7% of sales), up c5.0% compared to the corresponding period last year. EBIT margins were down c0.6%. EPS for shareholders of the Company was NIS c1.08, up c8.1% compared to the corresponding period. Negative cash flows from operating activities totaled NIS c86 million, compared to NIS c26 million in 2016.   (1) Data represent the Company's non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period and other income and expenses, unless stated otherwise.     (1) Data represent the Company's non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period and other income and expenses, unless stated otherwise. (1) Investments include the acquisition of fixed assets and investment in intangibles and deferred expenses.   Note: Financial data were rounded to NIS millions. Percentages changes were calculated on the basis of the exact figures in NIS thousands. (1) Data represent the Company's non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period and other income and expenses, unless stated otherwise. (2) Fun & Indulgence figures include Strauss’s 50% share in the salty snacks business. International Coffee figures include Strauss’s 50% share in the Três Corações joint venture (3C) – Brazil – a company jointly held by the Group (50%) and by the local São Miguel Group (50%). International D&S figures reflect Strauss’s 50% share in Sabra and Obela. Other Operations figures include Strauss’s 34% share in the joint venture in China, Haier Strauss Water (HSW).   Note: Financial data were rounded to NIS millions. Percentages changes were calculated on the basis of the exact figures in NIS thousands. Total figures for International Dips & Spreads were calculated on the basis of the exact figures for Sabra and Obela in NIS thousands.     Investor Conference Calls Strauss Group will host an Investor Conference call in Hebrew on Monday, May 29, 2017 at 14:00 (Israel time) to review the Financial Statements of the Company for the first quarter. To participate please dial: 03-918-0685 Strauss Group will also host an Investor Conference call in English on Monday, May 29, 2017 at 17:30 local Israel time (15:30 UK, 10:30 Eastern time) to review the Financial Statements of the Company for the first quarter. To participate in the live call please dial one of the following numbers: From the UK: 0-800-051-8913 From the US: 1-888-281-1167 From Israel: 03-918-0610 The Financial Statements and Investors Presentation are posted on the Group’s Investor Relations website at: http://ir.strauss-group.com/phoenix.zhtml?c=92539&p=irol-irhome     For further information please contact:   Daniella Finn Director of Investor Relations Strauss Group Ltd. 972-54-577-2195 972-3-675-2545 Daniella.Finn@Strauss-Group.com   Osnat Golan VP Communications & Digital, Spokesperson Strauss Group Ltd. 972-52-828-8111 972-3-675-2281 Or Gil Messing External Communications Director Strauss Group Ltd. 972-54-252-5272