SAVENCIA: 2023 annual sales
08 Febrero 2024 - 11:00AM
UK Regulatory
SAVENCIA: 2023 annual sales
Thursday 8 February 2024
PRESS RELEASE: 2023 annual
sales
- Reported sales growth of +3.7% over the year 2023, despite a
decline of -3.7% in the fourth quarter
|
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 (Intra-Group transactions) |
-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 December 31, 2023, Savencia Fromage & Dairy’s
consolidated sales, at € 6,791 million, were up +3.7%. This
increase of € 240 million is the result of strong organic growth of
+11.6%, as well as a structural effect of +2.1% mainly due to the
consolidation of Williner's activities from April 1st,
2023. These elements were, however, impacted by a strongly negative
change effect of -10%, mainly related to the devaluation of the
Argentine peso accelerated in the fourth quarter and the evolution
of the Chinese, Russian and North American currencies against the
euro.
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 Savencia's specialties model.
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, Savencia obtained
SBTi (Science Based Target initiatives) validation for its
decarbonization trajectory (well below 2°) for its scopes 1, 2 and
3.
************
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 (Intra-Group transactions) |
-160 |
-146 |
9.4 |
-51 |
-52 |
-1,2 |
-211 |
-198 |
6.6 |
The next publication will take place on
07 March 2024
Further information can be found on our website
savencia-fromagedairy.com
- Savencia SA -Annual Sales 2023
Savencia (LSE:0DTK)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Savencia (LSE:0DTK)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024
