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Monday, January 22, 2018
 Exports and Overseas Growth Driving Volac Profits  

Dairy nutrition company, Volac, has announced progress in its performance, against a backdrop of increased exports and improved profits from overseas operations. The firm as reported an operating profit increase of nearly 40% for the year ending February 2012.

The company is simultaneously growing and investing across Europe, stimulating demand for nutritionally valuable dairy products and using its technology and market “know how” to add value across the dairy supply chain.

James Neville, Chief Executive of Volac, says: “We have had a very positive year and, whilst commodity prices have been high, our core success has been delivered by leveraging our knowledge and know how in dairy nutrition combined with our planned increase in exports and in the performance of our overseas operations and joint ventures. “There continues to be strong demand for our nutrition products which deliver improved productivity and health in livestock and help people to lead healthier and more active lives.”

“We are particularly pleased with the performance of our DV Nutrition joint venture with leading Dutch Cooperative DOC Kaas where turnover increased by 37% in the financial year due to the increased demand for our dairy nutrition products.”

In the last financial year, 2011-2012, Volac cites its main achievements as follows:

  • A significant increase in profit from overseas operations in The Netherlands, Malaysia and China was the main contribution to Volac’s improved profit performance.
  • A 38% increase in export sales revenue from UK manufacturing sites
  • The commencement of production at its Milk Link Volac Ingredients (MVI) joint venture at the Taw Valley Creamery
  • An increase in employee numbers of 4% over the financial year
  • The involvement in a number of dairy industry initiatives to develop a sustainable dairy industry

In the financial year ending February 2012, the business achieved an operating profit of £17.3m (up 38% on previous year) and a turnover of £162.4m (up by 34% year on year).

James Neville adds: “Our financial success continues to strengthen our business and gives us confidence to seek ambitious and collaborative investments and acquisitions that move our business and the wider dairy industry forward.”

Source: Food Ingredients First

http://www.foodingredientsfirst.com/news/Volac-Announces-Progress-In-Its-Performance-Results-201112.html
 


Posted on Tuesday, November 27, 2012 (Archive on Tuesday, December 04, 2012)
Posted by bsutton@adpi.org  Contributed by bsutton@adpi.org
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