Fromageries Bel Reports Earnings Consolidated Sales Fourth Quarter and Full Year of 2017; Provides Earnings Guidance for the Year 2017
For the full year, sales came to GBP 3,346 million, up 14.0% versus GBP 2,936 million in 2016.
For the year, the company expects, operating margin was more unfavorably impacted by foreign exchange fluctuations in the second half than the first half of 2017. Overall, 2017 operating income is expected to decline markedly versus 2016.