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Strauss/Coffee Day Profits Rise

Strauss Group Reports Sales Grew in Q2 Led by Strauss Coffee

CoffeeNetwork (New York) – Israel-based Strauss Group has reported their Quarter 2 Financial Results.

Q2 2017 highlights:

· Organic sales growth, excluding foreign exchange effects, was c6.2%. Shekel sales were NIS c2 billion compared to NIS 1.9 billion in the corresponding period in 2016; sales were impacted by a negative currency translation amounting to NIS c13 million mainly as a result of the continued strengthening of the average exchange of the NIS against the USD compared to the corresponding period last year.
· Gross profit was NIS c753 million (c36.9% of sales), up c2.7% compared to the corresponding period last year. Gross margins were down c1%.
· Operating profit (EBIT) was NIS c187 million (c9.1% of sales), up c2.3% compared to the corresponding period last year. EBIT margins were down c0.3%.
· EPS for shareholders of the Company was NIS c0.88, up c20.4% compared to the corresponding period.
· Positive cash flows from operating activities totaled NIS c199 million, compared to NIS c296 million in the corresponding period last year.

H1 2017 highlights:

· Organic sales growth, excluding foreign exchange effects, was c6.7%. Shekel sales were NIS c4.1 billion compared to NIS 3.8 billion in the corresponding period in 2016; sales were impacted by a positive currency translation amounting to NIS c38 million mainly as a result of the continued strengthening of the average exchange of the Brazilian Real against the NIS compared to the corresponding period last year.
· Gross profit was NIS c1,533 million (c37.2% of sales), up c5.1% compared to the corresponding period last year. Gross margins were down c1.1%.
· Operating profit (EBIT) was NIS c410 million (c9.9% of sales), up c3.7% compared to the corresponding period last year. EBIT margins were down c0.5%.
· EPS for shareholders of the Company was NIS c1.95, up c13.1% compared to the corresponding period.
· Positive cash flows from operating activities totaled NIS c113 million, compared to NIS c270 million in the corresponding period last year.

Overall, coffee sales for the company rose 11.8% from last year.

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Coffee Day Q1 Profit Rises 51.13%

CoffeeNetwork (New York) – India’s Coffee Day Enterprises Ltd’s fiscal first-quarter net profit rose by more than half as the cafe chain benefited from consumer demand for newly launched products.

Profit rose by 51.13% to Rs26.83 crore in the three months ended June from Rs17.75 crore a year ago, the company which runs the Café Coffee Day (CCD) chain and operates resorts said.

Revenue rose 9.86% to Rs830.41 crore from Rs755.86 crore.

Sales at its coffee and related business, which accounts for a major chunk of revenue, grew 15.63% to Rs517.32 crore.

Same-store sales, a measure of sales at outlets that have been open for at least a year, rose 6.94% compared with 6.91% in the January-March quarter and 4.06% in the same period last year.

It added 32 cafes (gross) in the June quarter, taking the total count to 1,694. Coffee Day, which also retails its brews through vending machines, owned 42,788 such machines at the end of the quarter.

Alexis Rubinstein