Nadec Foods double digit growth rate continues, registers its best result ever in Quarter 3 2014/10/24
Riyadh, October 24th, 2014 – After having grown double digits for 10th consecutive quarters, Nadec Foods delivered another milestone in Quarter 3 where it achieved its best result ever of its history in terms of top and bottom line growth.
Also, as per the recent survey released by Nielsen, Nadec continued to be one the fastest growing foods/dairy company in the Middle East region with leadership in sales growth rate and distribution increases achieved in all categories where the company compete.
Patrick Satamian, Chief Executive Officer, Nadec Foods commented : The results of Quarter 3 confirm the success trend of the start of the year and the past few years. Optimal planning and execution during the critical Ramadan season, continuous synchronization of powerful distribution and brand equity communication, implementation of productivity initiatives, optimal engagement and commitment of our sales and functional teams are some of the key reasons explaining the results of Quarter 3 . He added: The Q3 and YTD results are placing the company in a very good position to close another record year in 2014 as we see a continuation of the sales and profit trends.
The ranking is based on the Nielsen, which is a leading global information and measurement company that enables companies to understand consumers and consumer behavior. Nielsen measures and monitors what consumers watch (programming, advertising) and what consumers buy (categories, brands, products) on a global basis.
The company has a presence in approximately 100 countries spread across Africa, Asia, Australia, Europe, Middle East, North America, South America and Russia, with around 40000 staff and US$ 6 billion in revenues.