Savencia Fromage & Dairy posted 2023 sales of 6.79 billion euros, up 3.7% as a result of organic growth of 11.6% and a structural effect of 2.1%, which more than offset a negative currency effect of 10%.

Sales of cheese products rose by 8% on a like-for-like basis, thanks to price adjustments in response to high global inflation, as well as to volumes that remained solid despite purchasing power pressures.

Sales of other dairy products rose by 17%, with a very good volume performance in certain countries, particularly in the recovery of the out-of-home catering sector, as well as price effects on part of the portfolio.

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