Financial
The most important financial developments in 2012
- Profit up by 26.9 percent to 274 million euro
- Cash flow from operating activities rises significantly by 334 million euro (65.7 percent) to 842 million euro due to higher profit and better working capital management
- Net revenue up by 7.1 percent to 10.3 billion euro through a shift in volume from commodities and basis products to growth categories, acquisitions and currency translation effects
- Operating profit up by 19.6 percent to 482 million euro, while the meadow milk premium rises by 25 million euro to 28 million euro (2011: 3 million euro)
- Improved results from the Consumer Products International, Ingredients and Consumer Products Europe business groups
- Cheese (branded cheeses and basis cheese) performs well, the Cheese, Butter & Milkpowder business group’s overall result drops due to lower results from butter and milk powder
- The economic situation in Europe puts pressure on volumes and margins
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