In 2015 operating profit of Royal FrieslandCampina N.V. rose by 17.8 percent to 576 million euro. Margins increased due to the sale of more added-value products in Asia and the increased sales of dairy ingredients and infant nutrition by FrieslandCampina Ingredients. Additionally lower purchasing costs and currency translation effects contributed positively. Net profit increased by 13.2 percent to 343 million euro. The volume of milk supplied by member dairy farmers increased by 6.4 percent to 10.1 billion kilo. Revenue fell by 0.7 percent to 11,265 million euro. Cash flow from operating activities rose to 1,019 million euro as a result of lower working capital coupled with higher profit. The milk price for member dairy farmers fell by 18.9 percent to 34.64 euro per 100 kilos of milk due to the lower guaranteed price for raw milk. As a result of the higher profit, value creation (performance premium plus distribution in member bonds) rose by 20.5 percent to 3.53 euro. This limited the drop in the milk price for the member dairy farmers to some extent.

You can find more detailed information about our financial results in the annual report 2015 and the half-year report 2016 or a summary in the press release Royal FrieslandCampina N.V. annual results 2015 and the press release for the half-year report 2016.