Although revenue increased, due to strong growth in its Foods business, and group operating profits levels were maintained, UK dairy group Dairy Crest has reported a pre-tax loss of £10.1
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Dairy Crest is proposing to close two dairies as part of its long term plan to reduce costs and sustain profitability at its liquid milk business. Dairy Crest is entering
Dairy Crest has successfully completed a debt refinancing by arranging a new bank facility that will mature in October 2016 and by raising additional debt private placement. In total, including
Operational efficiencies and selling price increases have allowed Dairy Crest to broadly offset higher input costs during its first half trading period ending September 30th 2011. Trading has been in
UK dairy group Dairy Crest has strengthened its spreads business with the £13m acquisition of MH Foods, which manufactures healthy ‘one calorie’ spray cooking oils and salad dressings. “It has
UK dairy group Dairy Crest is reported to planning to move into the £1.2b yoghurt market either through developing its own business or by acquisition. Dairy Crest had been a
Although turnover slipped by 2% to £1.61b for year ended March 31st 2011, Dairy Crest managed to increase adjusted profit before tax by 5% to £87.6m in challenging trading conditions.
Dairy Crest is planning a further £20m cost reduction programme for its next financial year to help offset increasing input costs. The UK dairy group’s cost reduction programme in its
Dairy Crest has performed solidly during the first six months of the year, benefiting from being a broadly based dairy business with strong brands. Adjusted profit before tax (before exceptional
Dairy Crest has reported that it has started the year well and trading in the first quarter has been in line with expectations, as the UK dairy group continues to
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