Ornua Announces Record Year for Kerrygold with €3.4 Billion Turnover
Source: dairynews.today
Ornua, Ireland's leading dairy product exporter and owner of the Kerrygold brand, reported a remarkable financial outcome for 2024, marked by significant sales growth and a record-breaking year for Kerrygold products.
Ireland's premier dairy exporter, Ornua, has revealed impressive financial results for the fiscal year ending December 28, 2024, recording a group turnover of €3.4 billion and an EBITDA of €165.5 million.
A standout performer has been the Kerrygold brand, which solidified its status as Ireland’s most successful food brand by selling approximately 12 million retail packs of butter and cheese every week worldwide. Conor Galvin, CEO of Ornua, lauded the company's resilience, noting a significant operative profit increase of 11.8% compared to the prior year.
However, the global dairy landscape presents challenges, with mixed fortunes reported across markets. Despite a strong finish, milk supply remained stagnant year-over-year, and European cheese sales outpaced butter under inflationary pressures. Looking forward, potential trade tensions could impact commodity prices globally while European milk supply remains uncertain amidst these dynamics.
A standout performer has been the Kerrygold brand, which solidified its status as Ireland’s most successful food brand by selling approximately 12 million retail packs of butter and cheese every week worldwide. Conor Galvin, CEO of Ornua, lauded the company's resilience, noting a significant operative profit increase of 11.8% compared to the prior year.
However, the global dairy landscape presents challenges, with mixed fortunes reported across markets. Despite a strong finish, milk supply remained stagnant year-over-year, and European cheese sales outpaced butter under inflationary pressures. Looking forward, potential trade tensions could impact commodity prices globally while European milk supply remains uncertain amidst these dynamics.
