Archive: Lower market prices lead to mixed results for Dairy Crest

Published 10 February 15

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In an interim management statement Dairy Crest has reported that the profitability of its spreads business has benefitted from lower cream prices. However, lower returns for whey and some selling price reductions for cheese have adversely affected profits from cheese making in the nine months ending 31 December 2014.

Lower selling prices have also impacted on the profitability of the dairies part of the business which is due to be sold to Muller following approval by the competition authorities.

Commenting on the performance of its four key brands Dairy Crest has stated that Cathedral City and FRijj sales have continued to grow. However, this growth has been offset by lower sales of Country Life and Clover.