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Ausnutria sells more, but earns less
Dairy company Ausnutria has been able to increase sales by almost 2024% in the first half of 5. Sales of (luxury) own brand infant food based on goat's milk increased sharply (+20%). However, net profit was lower than last year.
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Ausnutria netted €18,7 million after the first six months of this year, compared to €22,1 million last year. These figures have been converted from Chinese yuan. The parent company is located in China. Turnover rose by 4,8% to €463 million, gross profit amounted to €201 million.
The vast majority of turnover was again achieved in China (€363 million), but the dependence on this market is decreasing slightly. In the first half of 2023, 80% of turnover was achieved in China, but in the past half year this has fallen to 78%. Europe came in second place with €53,6 million, the Middle East in third place with almost €25 million.
Goat milk
In infant nutrition, goat's milk products are the most important. Sales of this product amounted to over €227 million. Sales of this product were boosted in particular by the introduction of a new product line in the 'ultra-premium' segment, which FrieslandCampina also scores with in China. Infant nutrition based on cow's milk accounted for €142 million in sales.
With the acquisition of Amalthea in the Netherlands, Ausnutria has also become active in the goat cheese market and earns modestly from it. The interest in Farmel yields mixed results, reports Ausnutria.