The rise in the prices of the Taseos group of foods helped rise in revenues in the first quarter, and to a net in the net profit. The company, which is controlled by the Strauss family and its head, has a 9 % increase in quarterly revenue to 1.9 billion New. A sharp reduction in operating expenses helped raise operating profits by 170 % to 181 million NIS. The net profit increased by 68 %, to 86 million NIS.
The aforementioned numbers are of the financial statements of the Strauss Group, but the company also publishes management accounts that combine the STRSS results with the share of its commercial partners around the world. The company has widespread activity abroad, such as coffee work in Brazil and selling water filtering devices in China.
Management accounts give a different picture, and certainly when it comes to profitability. The total sales of the Strauss group reached 3 billion New, which represents a 15.5 % increase on an annual basis. The increase stems from the high sales of sweets and snacks, as well as high coffee sales. Strauss said that the rise was in the volume of sales and not only as a result of inflation, and that the timing of the Easter holiday and the effects of war had a negative impact in the first quarter of last year. TAMI 4 water distributors are improved between the two periods.
The total profit margin of management narrowed from 33.7 % to 26.1 %, mainly due to currency differences, but also due to the high costs of raw materials, especially cocoa and coffee. Operating profits decreased by 11 % to 181 million NIS, while net administrative profits decreased by 55 % to 73 million NIS. The Stewus Group’s sales in Israel increased by 6.2 % on an annual basis, to 1.6 billion New.
“We have published a great growth in our activity all over the world, we continued to improve our market share in our main groups, and we strengthened our position as a leading coffee company in Brazil, and grew in Israel thanks to innovation, products, enhancing our beloved brands, and focusing on consumers,” Babad said.
The CEO added that the Strauss Group recently laid the foundation stone for a new logistical center in Burur Hayel, near Sidrot, in southern Israel, and that later this year it would launch a new plant for vegetable milk alternatives in the north of the country.
It was published by Globes, Israel Business News – En.globes.co.il – on May 28, 2025.
© Globes Publisher Itonut (1983) Ltd. , 2025.
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