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.
Click here for the full release.
See Also:
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData