sector: Non-Cyclical Consumer Goods & Services ·
industry: Food Processing ·
As of
7:19pm IST
385.00GBp
Dairy Crest Group plc is a United Kingdom-based company engaged in the manufacture and trading of milk and dairy products. The Company is organized into two divisions: Foods and Dairies. The Foods segment comprises branded cheese and spreads sold through multiples. It includes both the UK Spreads business and the St Hubert business. The Dairies division comprises liquid milk sales through multiples, middle ground or doorstep. The household business is included within the Dairies segment. Its Dairies division also produces a range of potted cream. Its spreads business makes butter and dairy spreads from cream skimmed from the milk used by Dairies division. On February 17, 2008, the Company acquired certain assets from the East of England Co-operative Society. In August 2008, the Company sold Stilton and specialty cheese business to Long Clawson Dairy Limited. On March 26, 2009, the Company completed the sale of its 49% share in Yoplait Dairy Crest Limited to Yoplait SAS.
BRIEF: For the fiscal year ended 31 March 2009, Dairy Crest Group plc's revenues rose 5% to £1.65B. Net income from cont. ops. increased 42% to £75.4M. Revenues reflect higher sales from Consumer Food & Dairies business segments and increased revenue from UK & Ireland geographic segment. Net income also reflects a decrease in administrative expense, the absence of impairment of investment in joint ventures and lower restructuring costs.
Dairy Crest Group plc
Claygate House
Littleworth Road
Esher
Surrey ENG KT10 9PN
P: +4413.72472200
F: +4413.72472333