Fonterra Lifts FY25 Earnings Guidance
Source: dairynews.today
Fonterra Co-operative Group Ltd increased its FY25 full year earnings guidance significantly.
Fonterra Co-operative Group Ltd has announced an increase in its FY25 full year earnings guidance from 40-60 cents per share to 55-75 cents per share.
CEO Miles Hurrell expressed satisfaction with the Co-op's strong earnings performance alongside a $10.00 per kgMS forecast Farmgate Milk Price midpoint, which is appreciated by farmer shareholders.
"This upgrade reflects the underlying strength of our core Ingredients business and the resilience in our Consumer channel," said Hurrell.
Fonterra will release its FY25 interim results on 20 March 2025, confirming its interim dividend on that date. The Co-op’s dividend policy allows for 60-80% of full year earnings, with up to 50% paid at interims.
Fonterra, a co-operative owned and supplied by thousands of farming families across Aotearoa New Zealand, commits to sustainability and community support in its operations.
CEO Miles Hurrell expressed satisfaction with the Co-op's strong earnings performance alongside a $10.00 per kgMS forecast Farmgate Milk Price midpoint, which is appreciated by farmer shareholders.
"This upgrade reflects the underlying strength of our core Ingredients business and the resilience in our Consumer channel," said Hurrell.
Fonterra will release its FY25 interim results on 20 March 2025, confirming its interim dividend on that date. The Co-op’s dividend policy allows for 60-80% of full year earnings, with up to 50% paid at interims.
Fonterra, a co-operative owned and supplied by thousands of farming families across Aotearoa New Zealand, commits to sustainability and community support in its operations.
