Strauss Group: Reports Third Quarter 2024 Results

Petach Tikva / IL. (sg) Israel’s Strauss Group Limited published its financial statements, summing up Q3-2024 with growth in revenues, which totaled NIS 3 billion, up 11.8 percent compared to Q3-2023. Operating profit was NIS 223 million, 7.4 percent of total sales. Net income attributable to shareholders of the company was NIS 102 million, reflecting a decline of 15.4 percent compared to the same quarter last year.

President and CEO Shai Babad: «In the past week, the company announced a transaction to sell its ownership interest in Sabra for NIS 900 million. This transaction represents another step in executing the Group’s strategy to focus on core business, better leverage resources, and drive significant initiatives for Strauss. The Group has delivered a quarter of growth across all business segments, despite ongoing challenges posed by rising raw material prices, which continue to put pressure on our margins. I am immensely proud of our dedicated employees, who have ensured business continuity in the face of the war and its repercussions.» For additional information please read the Company’s PDF file below (275 KB):