Sió-Eckes targets 8-10% revenue rise in 2011
Hungarian fruit juice company Sió-Eckes targets revenue of HUF 19.5 billion-20 billion in 2011, up 8-10% from 2010, managing director Endre Fazekas told MTI.
In 2010, the company's revenue fell 8% to about HUF 18 billion in 2010 because of the crisis, Fazekas pointed out. The company sold its products for about the same prices in 2010 as in 2009, he added.
Sió-Eckes made about HUF 600 million in technology investments in 2010, thus it does not plan any big capital expenditures in 2011, the CEO said.
Mineral water sales now account for one-third of Sió-Eckes revenue. The company recently extended is contract to sell Szentkirályi mineral water for another two years.
Related news
Related news
BH AgrárTrend Index: the outlook for the Hungarian food industry has stabilized
The assessment of the situation of the actors of the…
Read more >We can drink from these RevoCups this year
More than 400 works were submitted to the VÍZió graphics…
Read more >We mostly stock up on sandwich ingredients
Baked goods, cold meats, ham, salami and some kind of…
Read more >