Group revenues up 3%, reaching NIS 5.3 billion, with net profit rising 11% to NIS 242 million1
Strauss Group President & CEO Shai Babad commented: “The Group continues to deliver growth in most businesses and is concentrating on implementing its strategic plan, which calls for focus on core business, on investments, and on the development of growth engines that will drive the Group forward in the next few years. Our sales growth is accompanied by the constant need to contend with the ongoing
uptrend in raw material prices, which is taking a toll on the Group’s margins. The food industry is a meaningful part of Israel’s civilian “Iron Dome”. Strauss has manufacturing sites to the length of the country, from north to south, and together with our farmers, we are committed to food
security and to sustaining the strength of Israeli industry.”
For further information, please contact:
Shiri Krispin-Wallace | Spokesperson & Government Relations
972-53-6060200 | shiri.krispin-wallace@strauss-group.com
Liron Ben Yaakov | Director of Communications and PR
972-54-609-1600 | liron.ben-yaakov@Strauss-Group.com
