Synlait Milk Limited

Headquarters: 1028 Heslerton Road, Dunsandel 7682, Canterbury, New Zealand.

Financial Indicators

In the fiscal year 2022, Synlait reported revenues of approximately NZD 1.3 billion but also faced a net loss of around NZD 28.5 million. This was mainly due to the impacts of the COVID-19 pandemic, increased operational costs, and substantial supply chain disruptions.

Important Company Events

• Recapitalization Plan: To address financial challenges, Synlait launched a strategy to raise up to NZD 200 million through equity and debt instruments. This plan is designed to stabilize Synlait's financial position and provide financial flexibility for future growth.
• Acquisition of Dairyworks: In 2019, Synlait expanded its consumer product offerings significantly by acquiring the Dairyworks brand, aiming to diversify and strengthen its market presence.
• Commitment to Sustainability: Synlait has achieved B Corporation certification, underscoring its commitment to maintaining high social and environmental responsibility standards.

Company Plans

Synlait has developed several strategic initiatives to drive growth:

• Increase in Organic Milk Production: The company is focusing on meeting the rising consumer demand for organic dairy products.
• Enhancement of Sustainability Profile: Synlait aims to improve its sustainability practices, contributing positively to environmental and social welfare.
• Expansion of Product Lines: Plans are underway to introduce high-value nutrition products that align with evolving consumer preferences.
• Investment in New Technologies: The funds raised through recapitalization will be invested in advanced technologies to enhance operational efficiency.
• Building Stronger Partnerships: Synlait is committed to strengthening its relationships with farmers, investors, and consumers to secure long-term growth and profitability.

Despite recent financial challenges, Synlait aims to stabilize operations and maintain profitable cooperation with its farmer suppliers. With a focus on price forecasts and market alignment, Synlait anticipates staying competitive, especially given its majority ownership by China's Bright Dairy.

Modified: 2025/03/10

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