Anyone go at AGM today?
Printable View
Anyone go at AGM today?
I wasnt at the meeting so cant say for sure but other talks I have heard I think its 2025. Took ten years to get to 1 billion revenue and I think they want to get the next billion in half that time.
Interesting. And given that Fonterrors current revenue is still ten times larger than their 2025 goal (if this is the year), this might not be that hard to achieve. They just need to buy a couple of Fonterror plants and take the revenue with the losses :sleep:; I suppose they didn't state any profit targets, didn't they?
cheers. So - five years it is.
Don't like this focus on doubling the top line, wrong focus for share holders. If they link their internal incentive schemes to this goal they might even get what they ask for - never mind the bottom line. Isn't this the FBU way to run a business?
Just looking at their more recent enterprises - selling fresh milk through PAM's and buying a small cheese maker might well fit into a strategy of increasing revenue no matter what the cost ... and yes, revenue clearly grew already faster than earnings.
Their focus should be on adding real value .... but if it must be a "mindless" money target, than at least they should look at the bottom line ...