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Kerrygold Irish butter had a very good year in the US and Germany, despite lockdown concerns.
Ornua (formerly known as the Irish Dairy Board) saw turnover reach €2.3bn in 2020, allowing earnings (EBIDTA) to reach €107.4m, up almost 50% on 2019.
Publishing its operating and financial results for the 12 months ending 26 December 2020, Ornua CEO John Jordan said: “Ornua had a unique performance in a unique year, and we are pleased to report a 69% operating profit gain. Looking ahead, we are cautiously optimistic about the gradual reopening of economies as the global vaccine roll-out gathers pace.”
John Jordan, Ornua CEO and director.
COVID bounce makes Ornua profits soar farmersjournal.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from farmersjournal.ie Daily Mail and Mail on Sunday newspapers.