FDBusiness.com

FrieslandCampina Doubles Interim Profit

 Breaking News
  • UK Bottled Water Sales Top 4 Billion Litres For First Time Last year’s hot summer boosted UK water drinks consumption by more than 7% to 4,267 million litres, according to a new report from food and drink experts Zenith Global. This was worth an estimated £3.330 billion at retail prices. Sales of plain bottled water in retail packs increased by 7.9% to 3.4 billion litres, whilst [...]...
  • Morrisons Signs Up to Arla UK 360 Farm Standards Programme Arla Foods’s new farming standards programme Arla UK 360 continues to gain traction as Morrisons becomes the first retailer to commit to supporting the standards across its entire Arla milk supply. The move means approximately 200 Arla farmer owners will be directly supported by Morrisons to deliver across the eight farm business areas identified in [...]...
  • Vitafoods Europe 2019 – Guiding the Industry to a More Sustainable Future As environmental awareness reaches new heights and the world’s population continues to rise, the issue of providing sustainable foods which also offer a high nutritional value is set to grow, in both importance and complexity, over the next decade. It is with these considerations in mind that Vitafoods Europe 2019 has developed its agenda. The [...]...
  • Nordzucker to Invest €100 Million in Swedish Sugar Production Nordzucker Group will concentrate its sugar production in Sweden at its factory in Örtofta and as part of this process the refinery at Arlöv will be closed. Around €100 million will be invested in the strategy. The project is expected to be completed in autumn 2021. Based at Braunschweig in Germany, Nordzucker Group is one [...]...
  • FrieslandCampina Plans to Build a Sustainable Dairy Processing Plant International dairy co-operative Royal FrieslandCampina is exploring options to build a sustainable and innovative dairy processing plant in the Netherlands. The plant is intended for the processing of member milk into fresh dairy products, ingredients used for the production of early life and adult nutrition, and for cheese manufacturing. It would be built according to [...]...

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

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements