Henniez profits fail to sparkle
Switzerland's largest producer of mineral water, Henniez, saw its sale volume and turnover rise in 2000, but profit slipped back as higher raw material costs and increased competition took their toll.
Turnover at the canton-Vaud based company rose to SFr179.1 million ($100 million), up 1.2 per cent on the previous year.
In volume terms, sales of mineral water expanded by 3.6 per cent, however higher raw material prices and costs associated with launching new brands kept profits in check.
Net profit at Henniez came in at SFr1.7 million over last year, compared to SFr2.7 million in 1999. The board proposed an unchanged dividend for shareholders of SFr55 per share.
Henniez produces mainly mineral water (74 per cent), but also has lines of fruit flavoured drinks, fruit juices and soft drinks, including Virgin Cola and Virgin Ice Tea.
swissinfo with agencies
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