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Osnat Golan
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Gil Messing
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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  
Strauss Group Announces it will purchase an additional 15% of the shares in Haier Strauss Water Joint Venture
29/05/2017

Strauss Group Announces it will purchase an additional 15% of the shares in Haier Strauss Water Joint Venture

Strauss Group Strengthens its position in the Chinese Residential Water Market and Announces it will purchase an additional 15% of the shares in Haier Strauss Water Joint Venture for NIS c78.3 million via its subsidiary Strauss Water Strauss Group announces that its subsidiary Strauss Water Ltd. ("Strauss Water") has exercised its option to acquire an additional 15% of the shares in the Joint Venture Qingdao HSW Health Water Appliance Co., Ltd ("Joint Venture") as per the Joint Venture agreement and as part of the reorganization process which commenced in 2015 and which has now reached its successful outcome with this purchase. Following the share purchase the Joint Venture will be held 51% by companies of the Haier Group and 49% by Strauss Water. Strauss Water will pay the Haier Group Company NIS 78.3 million within 90 days. The price of the shares was determined based on the financial results of the Joint Venture for 2016 as agreed upon in the Joint Venture agreement. The proceeds will be financed by a shareholder's loan that Strauss-Group provided Strauss Water with.   Gadi Lesin, President and CEO of Strauss-Group said: " This purchase further strengthens Strauss' presence in the residential water market in China, one of the largest and fastest growing markets globally and coincides with Strauss-Group's recent strategic acquisitions (25.1% stake in Strauss Coffee and the minority acquisition in Strauss Water and the sale of the Max Brenner business) and the company's long term strategy to strengthen its holdings in its core businesses alongside the strengthening of the relationships with its partners."   Ronen Zohar, CEO of Strauss Water said: "Our business in China represents an important journey we started a few years ago with the ultimate goal of becoming the leading water company in the geographical regions we operate in. The potential in China is huge, and together with Haier we have the ability to bring this potential to fruition by supplying the demand of the Chinese residential market for innovative water purification solutions, as we did in Israel".   The Joint Venture develops, installs, sells and services water purification solutions. The Joint Venture's 2016 annual revenues totaled NIS 352 million, up 36% on the previous year's sales (*). For the first quarter of 2017 the Joint Venture's sales totaled NIS 117.9 million, up from NIS 59.2 million in the first quarter of 2016, an increase of c100% (**). The net profit of the Joint Venture for 2016 amounted to NIS30 million (*) and net profit for the first quarter of 2017 amounted to NIS 9.5 million, compared to the net profit in the first quarter of 2016 of NIS 6.1 million, an increase of 55% (**).   Estimated at c$ 6 billion with an impressive annual double digit growth rate, the Chinese residential water purification market is estimated to be one of the largest in the world. The expectation for this growth trend is to continue over the next few years supported by a growing number of Chinese families demanding modern water purification solutions as opposed to more traditional water purification methods such as boiling water and using large plastic water jars.   Strauss signed the Joint Venture agreement with Haier at the end of 2010 and introduced the first Joint Venture products at the end of 2011. Nowadays the Joint Venture markets a wide variety of residential water purification solutions. (*) based on the audited financial results of the Joint Venture for the year ending December 31st, 2016 (**) unaudited based on 100% of the company   The figures above do not include adjustments for excess costs incurred at the original date of entry into the Joint Venture For further information please contact:   Daniella Finn Director of Investor Relations | Strauss Group   49 Hasivim St., Petach Tikva | 49517 Phone: + 972-3-675-2545 | Mobile: + 972-54-577-2195 Daniella.finn@strauss-group.com www.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