Russian food and beverage group Wimm-Bill-Dann Foods has recorded a healthy set of first-quarter results thanks to strong growth from its dairy business.
Go deeper with GlobalData
The company saw operating income saw by over 73%, reaching US$51.4m for the three months to 31 March. Sales leapt 40.1% to $542.8m.
“During the quarter sales in our Dairy division increased 43.9% to US$414.2 million, significantly exceeding industry growth rates, with gross margins reaching 29.2% compared to 27.4% a year ago,” said CEO Tony Maher.
Maher said organic growth remained the company’s “key driver”, generating almost 30% of the company’s revenue growth.
Sales from the company’s baby food business jumped almost 37% to $35.7m.
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
