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April 21, 2021 7:44 am
Ornua published its operating and financial results for the 12 months ending December 26, 2020, with group turnover reaching €2.3 billion.
Exporting into 110 countries, Ornua owns the €1 billion Kerrygold brand – which experienced 13% volume growth in 2020, selling over 10 million packets of butter and cheese a week.
According to the dairy exporter, group earnings before interest taxation, depreciation and amortisation (EBITDA) grew by 49.6% to €107.4 million.
This drove a 69.2% increase in operating profit to €83.1 million.
“This performance was achieved against the backdrop of a complex trading environment dominated by Covid-19, market volatility, and the macro-economic challenges of Brexit and punitive US tariffs,” the company said.
Ornua operative : Kerrygold sales up 13% with over 10 million packets sold weekly
04/21/2021 | 01:36am EDT
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Message : April 21, 2021 Ornua, one of Ireland s leading dairy companies, today published its operating and financial results for the twelve months ending 26
th December 2020 with Group turnover reaching €2.3 billion. Group EBITDA grew by 49.6% to €107.4 million, driving a robust 69.2% increase in Operating Profit to €83.1 million. This performance was achieved against the backdrop of a complex trading environment dominated by Covid-19, market volatility, and the macro-economic challenges of Brexit and punitive US tariffs. Ornua exports to over 110 countries and is the proud owner of the iconic €1 billion Kerrygold brand which experienced 13% volume growth in 2020, selling over 10 million packets of butter and cheese a week.
Kerrygold owner reports record sales despite Covid and Brexit Dairy exporter Ornua says it benefited from a pick-up in grocery
about 2 hours ago
Ornua, the State’s largest dairy exporter, has reported record sales and profits for 2020, brushing aside the challenges of Covid, Brexit and US tariffs.
The owner of the Kerrygold label said it benefited from a pick-up in grocery triggered by lockdowns in Europe and the US, which boosted sales of its premium butter and cheese brands.
The company said turnover rose by 1 per cent to €2.34 billion in the 12 months to the end of December while operating profit jumped by 69 per cent to €83 million.