• Shift to baby food, branded cheese boosts sales
  • M&A and forex also helps growth 
2012 was "a good year" for FrieslandCampina said CEO Cees t Hart

2012 was "a good year" for FrieslandCampina said CEO Cees 't Hart

FrieslandCampina has booked higher sales and profits as the Dutch dairy giant benefited from an increased focus on infant nutrition and branded cheese.

The company booked a 26.9% increase in profit to EUR274m (US$357m) for 2012. Operating profit was up 19.6% at EUR482m.

The improved earnings came on the back of a 7.1% rise in revenue to EUR10.31bn. FrieslandCampina said a "shift in volume" from commodities to "growth categories" like infant and toddler nutrition, dairy-based beverages and branded cheese helped sales.

FrieslandCampina said sales were also boosted by its acquisitions of a majority stake in Philippines firm Alaska Milk Corp. and of a Belgian cheese business from The Irish Dairy Board. Foreign exchange also contributed a 1.4 percentage point increase to sales.

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