News Ausnutria
Strong profit increase for Ausnutria despite crisis
Dairy processor Ausnutria continues to maintain revenue growth. The company serves the international market with baby and infant nutrition. The update that the company published this week shows a significant increase in profits for the first 3 months of 2020.
Ausnutria has been showing strong growth figures for several years now. Last month it was announced that the company's turnover increased considerably is. A considerable increase in profit is also expected for the first 3 months of 2020.
To date, the dairy processor has managed to keep its services on track during the corona crisis. Profits are expected to increase by 53% to €38,6 million over the first 3 months of this year. Turnover is expected to increase by 27% to €248 million.
The expected increase in turnover and profit is mainly attributable to the sale of own brand baby and infant nutrition products based on cow's and goat's milk. In the first quarter of 2020, sales of these products increased by approximately 36% compared to last year. Efficiency improvements and investments in sustainability and quality in the Netherlands also contributed to these higher results.
Corona measures
Despite the corona crisis, the company has managed to continue the processes. A sister organization in China quickly made the impact of the coronavirus clear and measures could be taken at an early stage.
Bart van der Meer, CEO of Ausnutria: “Thanks to the collaboration with our Chinese colleagues, it quickly became clear what enormous impact the coronavirus can have. We took measures at an early stage to protect employees and to guarantee the continuity of our processes. So far, we have managed to continue our processes and keep the delivery of our products on track.”
Chanti Oussoren
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