News Half-year figures
Rapid growth in profit and turnover for Ausnutria
Compared to the first half of 2019, the profit and turnover of dairy company Ausnutria, which specializes in infant nutrition based on goat's milk, has grown by tens of percent. Profit increased by more than 32% to €72,8 million, even faster than the turnover growth.
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In the first half of 2020, turnover increased by 22,6% to €488,5 million. Own-brand formulas grew by 25% compared to the first half of 2019, representing 88,4% of the Ausnutria Group's total sales.
World market leader baby goat milk
With infant formula based on goat's milk, which the organization sells under the brand name Kabrita, Ausnutria has 60% market share in China and Ausnutria claims to be the world market leader. Ausnutria is also making progress with the organic cow's milk, which is purchased from trading company Farmel.
Despite the fact that the competition is not standing still, Ausnutria concludes that they are able to maintain and grow this leading position, according to CEO Bart van der Meer. "Outside of China, sales are growing in the Americas, South Korea, Russia, the Middle East and Europe."
Limited consequences of the corona crisis
After a good first quarter, Ausnutria saw a somewhat weaker growth in the second quarter, due to the consequences of the corona crisis and the associated disruption of the markets worldwide. "Since the outbreak of the coronavirus, appropriate measures have been taken at an early stage to protect the health of our employees, to secure the supply of raw materials, to keep production facilities running and to properly arrange logistics for the end user. Despite this, We are also indirectly affected by the coronavirus," said the CEO.
Despite the uncertainty surrounding the future prospects of the corona crisis, Ausnutria intends to continue investing in research and development (R&D). The planned expansion of the production location in Heerenveen is also not in danger, says Van der Meer.