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Costs put pressure on Vion's margins
date:May 24, 2012
gress had been made in the BRIC countries, due to an increased demand for meat.


CEO and chairman, Uwe Tillmann: In 2011, Vion paid high purchase prices for pigs and cattle. Unfortunately, the prevailing economic conditions prevented us from consistently transferring these increases to Vion Foods sales markets. As a result, our financial results in 2011 were disappointing.


It said that in order to achieve sound returns, improvements in operational cost efficiency would remain a key focus.


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