FDBusiness.com

FrieslandCampina Doubles Interim Profit

 Breaking News
  • Carlsberg Group Remains on Course Carlsberg Group has announced organic and reported net revenue growth of 2% to DKr31.77 billion (€4.27 billion) for the first half of 2017 although group beer volumes fell organically by 3%, chiefly due to a decline in Russia. Operating profit was up 15% organically, with all three regions – Western Europe, Eastern Europe and Asia [...]...
  • UK Food-to-go Market to Reach £23.5 Billion by 2022 The UK’s food-to-go sector is in rude health and will be worth £23.5 billion by 2022, up from £17.4 billion in 2017, according to IGD, as shoppers’ preference for eating on the move shows no signs of slowing down. IGD’s food-to-go research splits the market into five segments, with the organisation’s latest forecasts suggesting particularly strong [...]...
  • Irish Food Companies Encouraged to ‘Think Digital’ and Maximise Online Retail Opportunity Bord Bia has announced a partnership with the Digital Marketing Institute to offer Irish food and drink companies an opportunity to grow and develop their online presence with a view to increasing brand awareness and sales. ‘Think Digital’ is a 6-month digital marketing programme available to all Irish food and drink companies designed specifically to address the [...]...
  • Norwegians Sceptical About Ready-to-eat Food Around 40% of Norwegian consumers agree with the statement that industrially produced food is unhealthy, according to the results of a survey conducted by Kantar TNS on behalf of Orkla. Nine out of 10 think that the food they prepare themselves is better than industrially produced food, while close to half think that the industry [...]...
  • Mandatory CCTV in All Slaughterhouses Under New Animal Welfare Plans CCTV will be mandatory in all slaughterhouses in England under new plans recently announced by Environment Secretary Michael Gove, as he outlined a series of measures to cement the UK’s position as a global leader on animal welfare. The proposals will deliver a manifesto commitment for CCTV to be required in every slaughterhouse in England [...]...
  • £3.7 Billion Worth of Discounts Disappear From UK Supermarket Shelves as Promotions Fall to Lowest Levels in 10 Years The pressure on UK retailers to be more transparent in their pricing has seen the number of trade promotions fall to their lowest levels for 10 years, and in 2017, shoppers will receive £3.7 billion less in promotional savings. This is according to a new report by IRI, the provider of big data and predictive analytics [...]...

FrieslandCampina Doubles Interim Profit

FrieslandCampina Doubles Interim Profit
September 02
11:53 2010

Dutch dairy co-operative Royal FrieslandCampina has doubled profit to Eur156m, due to improved margins and volume growth, and increased revenue by 5.5% to Eur4.3b for the first half year of 2010, compared with the corresponding period last year. Revenue growth was driven by higher sales of consumer products in Asia and Africa, sales of basic and special ingredients to the food industry and also as a consequence of higher selling prices for products such as foil cheese, milk powder and caseinates (milk proteins). Currency movements had on balance a positive effect on revenue to the amount of Eur51m.

The group’s Ingredients business managed to convert an operating loss of Eur45m in the first half of 2009 to a positive contribution of Eur43m in the first half of 2010. This was due mainly to the positive results achieved by special ingredients and the higher selling prices of standard products that resulted in improved margins.

Cees ’t Hart, chief executive of Royal FrieslandCampina.

The Consumer Products International Division delivered very good results. However, Consumer Products Europe reported a 48% drop in operating profit to Eur57m due to lagging margins on cream and butter products at FrieslandCampina Professional. In order to maintain the market shares of the branded consumer products, a relatively large number of price promotions were necessary.

The Cheese & Butter business posted an operating loss of Eur31m but this was an improvement on the Eur51m deficit in first half of 2009.

The guaranteed price for milk supplied by the member farmers of FrieslandCampina rose by 16% to Eur30.25 per 100 kilograms of milk. The pro forma milk price (guaranteed price plus performance payment) amounts to Eur31.58 per 100 kilograms of milk.

“The economic recovery in Europe lags behind developments in other areas in the world. In addition, there is fierce competition and consumers continue to be cautious with their spending,” says Cees ’t Hart, chief executive of Royal FrieslandCampina.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2017drinktec
  • September 13, 2017FI Asia
  • September 19, 2017PROCESS EXPO 2017
  • September 22, 2017Global Summit on Food & Beverages
AEC v1.0.4

The Magazine

F&D Business Preferred Suppliers

Advertisements