Canadian dairy firm Saputo has reported a rise in third-quarter profits on the back of rising sales and a better product mix.

The company yesterday (13 February) reported a 0.2% increase in net earnings to C$130m (US$129.9m) for the three months to 31 December. EBITDA climbed 2.5% to C$212.5m.

Revenues were up 0.2% to C$1.80bn, due to a higher average block market per pound of cheese in the US, as well as a better product mix and higher selling prices in the division that groups together its Canadian, European and Argentinian businesses

Lower sales volumes in the US dairy products sector, however, partially offset the increase. The strengthening of the Canadian dollar decreased revenues by approximately C$30m.

Saputo signed a deal to acquire the Morningstar business of US rival Dean Foods during the quarter.

Looking forward, the company said it aims to improve overall efficiencies and pursue growth internally and through acquisitions.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now