News Annual figures 2018
Ausnutria sees profits almost double
Ausnutria saw profits nearly double last year to €73,7 million. The milk powder producer, which has a major influence on the Chinese sales market, owes its good performance to the sale of branded dairy.
The turnover of Ausnutria, which is in Chinese hands, has shown a strong increase for a few years now. In 2018, turnover increased by 37,3% to €683,7 million. In China, the dairy is focusing on brands such as 'Kabrita' and 'Neolac' (baby and infant food), which are rapidly gaining ground, particularly in China. This also explains the strong increase in turnover.
Profitable Company
The operating profit (EBITA) of the milk powder producer amounts to €113,3 million, an increase of 77%. At the bottom of the line, Ausnutria is left with €73,7 million, which is 88,7% more than in 2017. Compared to other dairies, it is a very profitable company. Ausnutria, for example, realized 36% of FrieslandCampina's profit last year, while turnover is almost 17 times lower.
Bart van der Meer, CEO of Ausnutria, speaks of an excellent year, in which steps have been taken to further roll out the strategy. Ausnutria's ambitions are clear. In an interview to Boerenbusiness Van der Meer already announced in October that he expects turnover in 2019 to amount to € 1,2 billion.
Further Expansions
In 2019, the production locations in Ommen, Kampen and Leeuwarden will be adapted to the new standards set by Chinese and American customers. The company is also looking at further expansion of the production location in Heerenveen.
Wouter Job
© DCA Market Intelligence. This market information is subject to copyright. It is not permitted to reproduce, distribute, disseminate or make the content available to third parties for compensation, in any form, without the express written permission of DCA Market Intelligence.
