SAVENCIA Thursday
PRESS RELEASE: 2023 annual sales
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| Consolidated data in €M € | YTD Dec. 2023 | % Sales | YTD Dec. 2022 | % Sales | Changes in % | |||
| Total | Structure | Change | Organic | |||||
| Sales - Cheese Products - Others Dairy Products | 6 791 4 079 2 923 | 60.1 43.0 | 6 551 3 821 2 928 | 58.3 44.7 | 3.7 6.8 -0.2 | 2.1 0.0 5.1 | -10.0 -1.2 -22.3 | 11.6 8.0 17.0 |
| - Unallocated ( | -211 | -3.1 | -198 | -3.0 | 6.6 | 0.2 | -14.4 | 20.8 |
Definitions and calculation methods for aggregates such as structural effects, exchange rates, organic growth and net debt have not changed.
They are defined in the group financial report.
2023 Annual sales
After a final quarter down €67 million on 2022, at the end of
Cheese Products sales rose by +8% like-for-like. This increase reflects on the one hand, price adjustments in all markets to cope with high inflation. On the other hand, it benefited from volumes that remained solid despite tensions on purchasing power, which tensions may have encouraged local consumption of more affordable offers, illustrating in this context, the strength of
Sales of Other Dairy Products rose by +17%. This increase was driven by a very good volume performance in some countries, notably the recovery in foodservice, and by price effects on part of the portfolio, which offset the negative effect of worldwide falling industrial product prices in 2023.
Corporate Social Responsibility
In a still complex 2023 economic climate, the Group continued to roll out its social and environmental initiatives throughout the year. This commitment was decisive in reducing water consumption and greenhouse gas (GHG) emissions, thanks to sobriety plans. In the same spirit,
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| Consolidated data in €M | YTD Sept. | YTD Sept. | In % | Trim 4. | Trim 4. | In % | YTD Dec. | YTD Dec. | In % |
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | ||||
| SALES | 5 017 | 4 711 | 6.5 | 1 773 | 1 841 | -3.7 | 6 791 | 6 551 | 3.7 |
| - Cheese Products | 2 905 | 2 696 | 7.8 | 1 174 | 1 125 | 4,3 | 4 079 | 3 821 | 6.8 |
| - Other Dairy Products | 2 272 | 2 161 | 5.1 | 651 | 768 | -15,2 | 2 923 | 2 928 | -0.2 |
| - Unallocated ( | -160 | -146 | 9.4 | -51 | -52 | -1,2 | -211 | -198 | 6.6 |
The next publication will take place on
Further information can be found on our website savencia-fromagedairy.com
Attachment
Savencia SA -Annual Sales 2023
© OMX, source
