According to the 3Q/24 report the Strauss Group can gladily report a soaring growth in revenues. It clearly indicates that Israel has enough economic space to really open the markets and allow real competition. From DAY ONE.
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The figures are impressive: “This morning, Strauss Group (TASE: STRS) published its financial statements, summing up the third quarter of 2024 with growth in revenues, which totalled NIS 3 billion, up 11.8% compared to the corresponding period last year. Operating profit was NIS 223 million, 7.4% of total sales,” said the press release of the company Strauss Group. Further, it is said: “Strauss Group concluded the first nine months of 2024 with revenues of NIS 8.3 billion, up 6.1% compared to the same period last year.“
There is a huge potential to lower the costs of living in Israel.
State Comptroller Matanyahu Englman: said about the cost of living: “The State of Israel is characterized by a high level of market concentration in the food sector. The inaction of government bodies on the issue of market concentration in the food industry is unacceptable. This has consequences for the cost of living. The past year was marked by price increases, and Israel’s citizens are suffering from the cost of living. The prime minister and the other ministers must fight the cost of living.” True. But one presupposition is to do so the full justicial reform.