25 May 2020 --- Israel-headquartered food products manufacturer Strauss Group (formerly Strauss-Elite) has wrapped up Q1 2020, which was marked by pandemic-related headwinds. The company’s income in the quarter was NIS 2.17 billion (US$615 million), reflecting organic growth – excluding foreign currency effects – of approximately 8.1 percent compared to the Group’s income in the corresponding period last year. Exchange rate volatility was noted to have eroded income, particularly in the company’s coffee business, while a sharp increase in hummus sales in the US was reported to boost overall revenue.
