Group revenues up 12%, reaching NIS 3 billion, and operating profit rises 4% to NIS 223 million
Strauss Group President & CEO Shai Babad commented: “In the past week, the company announced
a transaction to sell its ownership interest in Sabra for NIS 900 million. This transaction represents
another step in executing the Group’s strategy to focus on core business, better leverage resources, and
drive significant initiatives for Strauss. The Group has delivered a quarter of growth across all business
segments, despite ongoing challenges posed by rising raw material prices, which continue to put
pressure on our margins. I am immensely proud of our dedicated employees, who have ensured business
continuity in the face of the war and its repercussions.”
