FrieslandCampina has reported a slight decline in revenue, attributed to a 3.4 % dip in milk supply, in a newly released 2019 financial overview. In the home markets (The Netherlands, Germany and Belgium), the company notes growth and profitability were under pressure. However, the Dutch multinational cooperative has reported a rise in profit by 36.9 % to EUR 278 m, mainly as a result of one-off gains and improved operating profits in Consumer Dairy and Dairy Essentials.

“The transformation we initiated in 2018 has enabled us to enhance our market-oriented way of working and make more effective use of available resources,” details Hein Schumacher, CEO of FrieslandCampina. “We have realized more value from basic dairy and we grew our total branded sales by 3.1 percent. Consumer Dairy increased branded sales by a strong 5.4 percent”.