Finnish dairy co-operative Valio Group has booked an increase in sales for 2013, with dynamic growth in Russia accelerating the top line.
Comparable net sales increased 2.6% year-on-year, rising to EUR2.03bn (US$2.79bn). Domestic sales edged up 0.1% while international sales rose 3.9%, Valio said today (27 March). During 2013 the company generated 37% of sales overseas.
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The growth in international can largely be attributed to continued expansion in Valio’s largest overseas market – Russia. Net sales in the country rose 11%, totalling EUR378m in the period. Russia accounted for 49% of exports, the Finnish group said.
The company returned profits of EUR907m to its dairy farmer-owners, an increase of EUR24m on 2012.
