The Bel - visit site - Bel Group

Dividend
On March 22, 2012, the Board of Directors
voted to propose a dividend of €5.00
per share, payable as of May 16, 2012.
The dividend is subject to the approval
of the Annual General Meeting scheduled
for May 10, 2011.
Outlook for 2012
The economic environment at the start of
2012 remains under pressure in some
Group territories in the Near and Middle
East region, with continued economic
uncertainties in Europe and no sure signs
of easing raw material prices.
2 418
+4,5%
2 527
2010 2011
Sales
in millions of euros
Despite these uncertainties, the Group—
backed by a healthy balance sheet,
the commitment of its employees
and a growing international presence
— will fortify its drive for creativity and
innovation to further advance its positions
in the world cheese market in a
sustainable and profi table way.
Earnings impacted by
the sharp rise in raw
material prices.
195
-12,5%
170
2010 2011
Operating income
in millions of euros
116
-17,4%
96
2010 2011
Consolidated net profi t
Group share
in millions of euros
Bel Group 2011 • 61