FDBusiness.com

Solid Performance by Milk Link

 Breaking News
  • Valeo Foods Acquires Tangerine Confectionery For £100 Million Valeo Foods Group, the acquisitive Irish and international food business, is reported to have purchased Tangerine Confectionery of the UK for £100 million (€112 million) from Blackstone Group. The deal adds popular UK confectionery brands such as Dip Dab, Fruit Salad and Blackjack to Valeo Foods Group’s growing portfolio, and will increase annual turnover to [...]...
  • Constellation Brands to Invest $4 Billion to Develop Canabis Market Constellation Brands, the North American and international alcoholic drinks group, is investing US$4 billion (C$5 billion) to increase its stake in Canopy Growth Corporation, a leading diversified cannabis company, to 38%. The significantly expanded strategic partnership will position Canopy Growth as the global leader in cannabis production, branding, intellectual property and retailing. As a result of [...]...
  • Brewing Up Authenticity, Vibrancy, and Sol With the hot summer months in full swing, beer lovers are reaching for their favorite cold brews to beat the heat. But as consumers venture down their grocer’s beer aisle, they are met with an onslaught of brands vying for attention in a sea of packaging. When MillerCoors recently relaunched the Mexican import brand Sol, they [...]...
  • Carlsberg Group Delivers Strong First Half Carlsberg Group has increased operating profit organically by 14.2% in the first half of 2018 with all three of its regions – Western Europe, Asia and Eastern Europe – delivering very solid performances. Organic net revenue growth was 5.1%. Reported operating profit rose by 6.0% to DKr4.373 billion (€586.5 million), impacted by negative currency factors [...]...
  • Levi Roots Caribbean Snack Pots Launched by Aimia Foods Aimia Foods is introducing to the market ‘Levi Roots Caribbean Snack Pots’, a range of On the Go Instant Snack Pots, that consumers simply add hot water to and stir for ease of preparation. Using natural, clean ingredients, the products have an authentic, home cooked taste and incorporate the Levi Roots Caribbean vibe, flavours and recipes. Michelle [...]...

Solid Performance by Milk Link

Solid Performance by Milk Link
June 09
15:39 2011

Reflecting higher selling prices, a better mix of products and a 5% increase in the volume of milk handled to just over 1.5 billion litres, UK dairy co-operative Milk Link increased sales by 6.6% to £586m for the year ended April 2nd 2011 and lifted profit before tax by 43% to £15.1m. EBITDA rose from £29.2m to £34.4m

Milk Link processed 58% of the milk handled through its own production facilities – up from 54% in the preceding year – processing an additional 99 million litres.

Neil Kennedy, chief executive of Milk Link.

“Over the last 12 months Milk Link has delivered solid results despite very challenging economic and trading conditions, particularly in our core consumer retail and foodservice markets,” says Neil Kennedy, chief executive of Milk Link. “We continued to strengthen our business financially, commercially and operationally; streamline our business by implementing programmes to deliver greater operational efficiencies and cost control as we sought to offset significant cost inflation in our processing and haulage operations; and develop our business for the future by investing in a number of strategic added value infrastructure projects. Most importantly, we were able to deliver improved returns to our Members in relation to both their milk price and their investment in the processing business they own.”

In January, Milk Link acquired the Cornish Country Larder soft cheese business for a total consideration of £7.1m to strengthen its position as a leading producer of British cheeses. In December, Milk Link formed a strategic partnership with Volac to jointly undertake a joint £12m investment to create a state of the art, added value whey processing operation.

Later in the new financial year, the dairy co-operative plans to evolve the business structure into two business units: Milk Link – Cheese and Milk Link – Milk, whilst retaining key cross-group functions of finance, IT, human resources, supply chain and corporate affairs. The change is designed to enable Milk Link to put greater focus on growing its core businesses while at the same time moving forward with the next stage of its corporate development strategy.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 12, 2018Packaging Innovations & Luxury Packaging London 2018
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements