French dairy giant Sodiaal has reported higher sales and profits for 2013, boosted by recent mergers and its cheese business.
Sodiaal booked a net income of EUR25.8m (US$35.1m) for last year, up from EUR11.4m in 2012.
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The co-op’s EBITDA stood at EUR106m, compared to EUR78m a year earlier.
Sodiaal said its cheese operations – including Entremont and Monts & Terroirs – accounted for nearly half its EBITDA. The company also pointed to recent combinations with regional French co-ops including Blamont in the north east of the country and 3A in the south west.
Milk arm Candia made a loss in 2013 but Sodiaal said the recent reorganisation of its business had led to “encouraging signs of recovery” in the early part of this year.
The co-op posted turnover of EUR4.6bn for 2013, up from EUR4.4bn in 2012.
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