financial report
Land O’Lakes has “strong third quarter 2020”
US-based Land O’Lakes has reported net sales of $2.9 billion (€2.4bn) and net earnings of $66 million (€55.7m) for the third quarter.
Glanbia’s improving trends for 2020 so far
Ireland’s Glanbia has reported “improving trends” in the third quarter of 2020 while navigating the challenges resulting from the Covid-19 pandemic.
Arla Germany sees gains in retail and debuts new products
Arla Foods Deutschland has seen first half 2020 increases despite difficult circumstances, the company says.
Hochdorf is doing better
The restructuring of the Hochdorf Group initiated in summer 2019 has had a positive impact in the first half of this year.
Business & trade, Dairy processing, End products, Ingredients
Food Union reports €277 million turnover in 2019
Food Union Group ended 2019 with a strong performance, amounting to €277 million in net revenue and a gross profit of €104 million.
First Milk releases annual report showing strong performance
First Milk has published its Annual Report and Accounts for the year ending 31 March 2020, which reports a year of progress, delivering growth, investment and improved member returns.
Hochwald reports stable 2019 figures and widens the gap from the average German milk price
German dairy co-operative, Hochwald, has released its annual financial statements, reporting high investment levels and a significant increase in equity.
Danone reports on positive growth in 2019 figures
Danone has reported on its 2019 sales, which were €25.3 billion, up 2.6% on a reported and like-for-like basis, with a 4.1% increase in Q4 on a like-for-like basis.
Dairy ingredients to grow by 2025
The global dairy ingredients market is estimated to be valued at US$53.8 billion (€49.4bn) in 2019 and is projected to reach US$81.4 billion by 2025, recording a CAGR of 7.1%, according to a report from Research and Markets.
Meadow Foods reports on a successful 2019
Meadow Foods, a UK independent dairy and supplier of value added ingredients to the food industry, has reported a pre-tax profit of £25.6m (£22.0m 2018) on a turnover of £456m (£427m 2018) to 31 March 2019, an increase of 16%.
Ornua reports strong financial year, despite dip in profits
Ornua Foods UK has reported a solid financial performance for the year ended 29 December 2018, despite the highly challenging and volatile market environment.