Tnuva Food Industries Ltd. has placed first in the “Globes” and Dun & Bradstreet’s “Globes’ Dun’s 100” 2014 food manufacturing rankings. Tnuva recorded a 4.4% increase in revenue in 2013, to more than NIS 7 billion, and a net profit of NIS 519 million. Coca-Cola Israel came in next, with NIS 5.71billion revenue. Strauss Group Ltd. (TASE:STRS) placed third, with a 1.7% drop in revenue, to NIS 5.6 billion, and net profit of NIS 234 million in 2013.
SodaStream International Ltd. (Nasdaq: SODA), which came in eighth place, recorded the largest revenue rise in 2013, 21% up to more than NIS 2 million. Sodastream is followed by Baladi, with a 16.7% rise in sales, to NIS 560 million, and Of Tov, up 13.2%, for a total of NIS 894 in sales.
Extract and flavor company Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; Bulletin Board: FRUTF) recorded the highest profit margin - 9.4% - and is also the company with the highest percent of international sales, 93.7%, which total NIS 2,270 billion. Gan Shmuel Group, which was ranked 13, exported 81.6% of products, followed by Prigat, ranked 15, which exported 76.5% in 2013.
Gilam Group, which ranked 20, had 255 employees, with average revenue per worker of NIS 2,040,000. Strauss, on the other hand, had the most employees, 13,575, but its average revenue per employee was only NIS 413,000.
The twenty food manufacturers together had revenue totaling NIS 50 billion in 2013, and employed 50,000 workers.
Published by Globes [online], Israel business news - www.globes-online.com - on July 23, 2014
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