Continuous improvement in pricing, productivity, product and
purchasing aimed to achieve EBIT margins (pre-corporate costs) of
12% in FY09. At a divisional level we are targeting Foodservice
North America to be at 15%, with both Foodservice Europe/Asia and
Food Retail being 8%.
Long term we are establishing a goal of 14% pre-corporate which represents estimated “best in class” industry margins applied to the businesses in our Group.
Long term we are establishing a goal of 14% pre-corporate which represents estimated “best in class” industry margins applied to the businesses in our Group.
