Cibi e Bevande
SAVENCIA FROMAGE & DAIRY: 2022 Annual sales
Thursday 9 February 2023,
Definitions and methods for aggregates such as structure, exchange rates, organic growth, and net debt variations are unchanged. They are defined in the Group financial report.
2022 annual sales
At € 6,551 million as of 31 December 2022, the Savencia Fromage & Dairy Group's consolidated sales show a 16.8% growth. This € 941 million growth results almost entirely from organic growth driven by Other Dairy Products.
Sales of Cheese Products increased organically by 7.3%, mainly due to price increases required in all markets to cover the impact of inflation. In this context, volumes contracted overall, particularly in Europe under the impact of the discontinuation of certain references, penalties imposed by certain distributors and changes in consumer behaviour due to inflation. Internationally, volumes developed well overall, even if certain markets experienced more contrasting trends.
Sales of Other Dairy Products rose sharply, with like-to-like growth of 30.9% due to a positive price effect from the price of industrial products (butter, milk powder and whey) throughout the year and to the price increases needed to cover inflation.
Group CSR commitments: Oxygen Plan
In an unprecedented and highly disrupted context, Savencia Fromage & Dairy was able to adjust its sales prices while continuing to offer its dairy producer partners one of the best milk prices in France. In addition, the unfailing commitment of all the teams throughout 2022 enabled the Group to:
The next publication will be on 9 March 2023
Further information can be found on the website savencia-fromagedairy.com
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