Dairy Crest, the UK dairy firm, said today (27 March) that revenues from both its food and its dairies operations would rise on the year.
Go deeper with GlobalData
The company, which also announced the sale of its stake in the Yoplait Dairy Crest venture, aid sales from its foods division would be up 10% for the year to 31 March.
Sales of Cathedral City cheese have risen by 10% in volume terms, Dairy Crest said, with the value of sales up 20%.
Sales of Clover and Country Life butter have climbed by 25-30% in volume and value, the company reported.
Dairy Crest said St Hubert, its French spreads business, had seen its turnover rise by 1% in local currency despite a “depressed” market.
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 GlobalDataElsewhere, Dairy Crest said turnover from its dairies division would be up 4% in the year. Volumes of milk sold to retailers have increased, while the Frijj brand has enjoyed “good growth”.
Meanwhile, Dairy Crest’s doorstep delivery business was performing “in line with expectations”. The company said it would look to roll out its online “milk&more” delivery service across the UK this summer.
Chief executive Mark Allen said: “Our key brands have benefited from our decision to continue to invest in advertising and promotions and we are well placed to deliver volume growth going forward.”
Dairy Crest is set to publish its preliminary figures on 19 May.
