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Savencia Reports First Quarter 2023 Results

Savencia Reports First Quarter 2023 Results


FRANCE
Wednesday, May 3rd, 2023

Consumers’ love of cheese never goes out of style—I would know. As would Savencia Fromage & Dairy. The cheesemaker continues to bring its premium products to consumers internationally, a strategy that seems to be working in the company’s favor. In Savencia’s recent first quarter 2023 report, it outlined a sales gain of $236 million (€214 million), an increase of 14.7 percent compared to the previous year.

Savencia’s sales as of March 31, 2023, stood at $1,844.5 million (€1,669 million). According to a press release, this was driven primarily by the cheesemaker’s strong organic growth of 17.6 percent.

In Savencia’s recent first quarter 2023 report, it outlined a sales gain of $236 million, an increase of 14.7 percent compared to the previous year

As of tomorrow, April 5, Savencia will begin focusing on integration and synergy development following the takeover of Argentina company Sucesores de Alfredo Williner. In addition to this development, Savencia has taken a step forward with its validation by Science Based Targets initiative of its decarbonization trajectory.

Other highlights from the report include:

  • Sales of cheese products increased by 13.6 percent at constant structure and exchange rates
  • Sales of other dairy products increased organically by 23.2 percent

More details on Savencia’s results can be found here.

Congratulations to the company on another successful quarter!

Savencia Fromage & Dairy
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