FDBusiness.com

FrieslandCampina Doubles Interim Profit

 Breaking News
  • UK Supermarkets Sweep Up 17 Months of Growth UK supermarket sales have increased in value by 3.1% compared with last year according to the latest grocery market share figures from Kantar Worldpanel, for the 12 weeks to 8 October 2017. This marks the 17th period of growth in a row for Britain’s grocers. Like-for-like grocery inflation remains at 3.2% but consumers could be [...]...
  • Hilton Food Group to Expand to New Zealand Hilton Food Group, the UK-based specialist international meat packing business, is to proceed with plans to expand its packing capability to New Zealand. Hilton will construct a new meat processing facility in Auckland and supply Progressive Enterprises, New Zealand’s leading retailer, trading as Countdown Supermarkets. As Progressive Enterprises is also part of the Woolworths business, [...]...
  • From Measurement Data to Smart Actions Energy and process industry monitoring and control systems contain a lot of data, which is not always fully utilised. Data is also collected in different systems, which further hampers comprehensive overall management. The efficient use of measurement data is increasingly becoming a crucial factor in gaining a competitive advantage. Elomatic’s FORMIOT data analysis service offers support [...]...
  • Rocla’s Automation Solution Maximizes Storage Capacity and Saves Money Operations at Valio’s new whey powder factory started gradually in Autumn 2014. The main goal was to build a fully automated warehouse. Valio also needed to maximize the storage capacity in this space, and to be able to adjust the temperature and air humidity. At the warehouse there are 3 Rocla’s automated guided vehicles (AGVs) [...]...
  • Packaging Automation Helps Chicory Crops to Grow As a growing business Packaging Automation know how important it is to keep cash within the business and how hard it is to acquire the machines and equipment you need to grow. Packaging Automation want to help businesses to grow, adapt and keep up with what can be frighteningly fast paced growth without tying up [...]...

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

  • October 19, 2017PMA Fresh Summit 2017
  • October 21, 2017Food & Nutrition Conference & Expo 2017
  • October 22, 2017Serbotel
  • October 22, 2017Natexpo
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements