Strauss Group wraps up Q1 2021 with stable revenues and an increase in profit and profit margins USA - English The international food corporation recorded NIS 2.06 billion in revenue, reflecting an organic decrease[1] of 0.4%; impressive growth in Strauss Water's revenues; a profit of NIS 30 million from investees in the Group's FoodTech incubator following funding rounds by three companies News provided by Share this article Share this article PETAH TIKVA, Israel, May 25, 2021 /PRNewswire/ -- This morning, Strauss Group (TASE: STRS) published its GAAP and non-GAAP financial statements for the first quarter of 2021. Similar to the results for FY 2020, the results for the current quarter were largely impacted by the COVID-19 pandemic, which transformed the patterns of our lives, the economy and consumption everywhere in the world. Like other international food corporations, the first quarter of 2020 was marked by increased consumption of food products as large parts of the world were subjected to lockdowns. By contrast, the first quarter of 2021 was marked by great variance – in some countries where the Group operates the impact of the pandemic had already declined, whereas in other regions, such as Europe and America, we continue to witness its effects on economic activity and consumption.