November 6, 2008 / 6:53 PM / 11 years ago

French cheese maker Bongrain sees H2 sales down

PARIS, Nov 6 (Reuters) - French milk and cheese group Bongrain BONG.PA said on Thursday continued high milk prices meant it would be unable to match last year’s second-half sales.

Bongrain said third-quarter sales were up 4.5 percent to 2.6 billion euros ($3.4 billion) on a like-for-like basis.

Bongrain is a leading cheese group in Europe with brands such as Coeur de Lion camembert, Elle & Vire, Maison Boursault, Saint Augur and Caprice des Dieux.

It sells Alouette cheese spread in the U.S. and Mexico, Milkana in China, Le Bon melted cheese in India and Gerard soft crust cheeses in Japan.

It has a market capitalisation of 687 million euros after a 40 percent fall this year. Unlisted holding firm Soparind SCA has a stake of over 60 percent.

Founded in 1956 by Jean-Niel Bongrain, it also owns the Potel & Chabot group, top caterers in Paris, New York and Moscow. (Reporting by Marcel Michelson; Editing by David Holmes)

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