Saputo Inc. reported its latest fourth quarter and fiscal year results, ending March 31. It completed a series of acquisitions last year that contributed to higher revenue, while low cheese prices and struggles with the Canadian dollar hurt overall earnings.
Danone reported a total 2018 net profit of €2.35bn (US$2.66bn), compared with €2.45bn in 2017. But its fourth-quarter performance was better than expected after a tough global year.
GEA said it expects to achieve a moderate organic growth in revenue and an operating EBITDA of between €580 and €620m in the current fiscal year 2015, but its growth is overshadowed by 1,450 job cuts.
Despite an overall fall in revenue and profit in Q1 FY 2015, sales of General Mills yogurt, driven by its Yoplait Greek and Greek 100 offerings, jumped 34%.
Canadian dairy giant Saputo has announced plans to close a cheese manufacturing plant in Quebec – a decision aimed at improving the efficiency of its operations in the country.
Yoplait manufacturer General Mills is set to launch a “strong innovation line-up” over the coming year in an effort to reclaim a greater share of the Greek-dominated US yogurt market.
Group Danone posted a 7.2 per cent increase in sales during the
full 2007 fiscal year amounting to €14.5bn, on the back of a strong
performance in its dairy and bottled water businesses.
Frutarom today announced it had agreed to
acquire German-based Gewurzmuller Group for $67m (€47m), a
move to further expand the company's presence in the
global market for flavours and functional ingredients.