News Half-year figures
Ausnutria records solid growth figures
Ausnutria has seen its turnover grow by 2019% in the first half of 22 to €403,3 million. In addition, net profit increased by more than 63% in this period. The producer of milk powders owes its growth mainly to the increasing sales of its own brands.
Over the first half of 2019, Ausnutria achieved a turnover growth of 22% to €403,3 million. Net profit also shows a significant increase; this increased in the first 6 months of the year to €55,7 million, which is 63,8% higher than in the same period last year. The producer owes the growth mainly to the increased sales of its own brands of baby and infant nutrition, Kabrita.
Growing demand for goat milk
In the first half of the year, Ausnutria was able to benefit in particular from the growing demand for infant formula based on goat's milk. Sales of these products increased by 45,3% to €169 million. In China, the dairy company now has a market share (within the goat milk segment) of 64%. Sales of infant formula based on cow's milk increased by 20,7% to €180,7 million.
Due to the increased demand for its own brands, milk powder producer Ausnutria will continue to focus on this in the second half of 2019. For example, the company will use more of its production capacity for the production of its own brands.
New projects
Bart van der Meer, the CEO of Ausnutria, reports in a press release that a number of large projects are planned for the second half of the year. "Several collaborations and investments are planned that will further strengthen Ausnutria's position." The expansion of the production location in Heerenveen also plays a role in these plans. Ausnutria expects to publish more about this in October 2019.
Kimberly Baker
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