DOCSLIB.ORG

Frieslandcampina Half-Year Report 2012

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Frieslandcampina Half-Year Report 2012 Half-year Report 2012 Royal FrieslandCampina N.V. 2 Half-year Report 2012 Key figures 2012 2011 2011 first first change full half-year half-year % year 5,089 million euro Results in millions of euros revenue up by 7.6% Revenue 5,089 4,730 7.6 9,626 Operating profit 217 210 3.3 403 Profit for the period 138 127 8.7 216 Balance sheet in millions of euros Balance sheet total 6,368 5,544 5,739 37.6 % Equity 2,397 2,166 2,264 Equity attributable to the solvency after acquisition of shareholder of the Company and other capital providers 2,280 2,057 2,148 Alaska Milk Corporation Net debt 1 1,059 920 699 Equity as a percentage of the balance sheet total 37.6% 39.1% 39.4% Cash flow in millions of euros Net cash from operating 247 million euro activities 247 63 508 Net cash used in investing operational cash flow improved activities - 461 - 119 - 340 Value creation for member dairy farmers in euros per 100 kilos of milk (excl. VAT at 4.41% fat, 3.47% protein) 36.51 euro Guaranteed price 34.14 2 36.33 - 6.0 36.94 Pro forma performance milk price down by 5.5% premium 3 1.42 1.38 2.9 1.10 Pro forma registered reserve member bonds 3 0.95 0.92 3.3 0.73 Pro forma milk price 3 36.51 38.63 - 5.5 38.77 Pro forma meadow milk euro premium 4 0.32 0.03 0.03 2.37 Pro forma special supplements 5 0.11 0.12 0.12 performance premium and Pro forma milk price registered reserve up by 3.0% + supplements 36.94 38.78 - 4.7 38.92 Milk supplied by members in millions of kilos 4,560 4,513 1.0 8,838 1 The net debt relates to long-term interest-bearing debts, borrowings from financiers 4 As of 2012 dairy farmers who put their cows out to pasture receive a meadow milk and the balance of obligations to and claims from associated companies less cash and premium of 0.50 euro per 100 kilos of milk. Averaged over all FrieslandCampina cash equivalents. member milk this is 0.32 euro per 100 kilos of milk. 2 This relates to the balance of the guaranteed price of 34.17 euro and an adjustment of 5 Special supplements concern the total amount of payouts per 100 kilos of milk –0.03 euro for a too high estimate over the first half of 2012. of 1.20 euro for Campina milk, of 8.60 euro for organic milk and of 1.00 euro for 3 The definite performance premium, registered reserve and milk price are determined Landliebe milk. on the basis of the profit figures for the whole year. Royal FrieslandCampina N.V. 3 Major developments in the first half of 2012 Revenue up Improved result • Revenue up by 7.6 percent to 5,089 million euro due • Operating profit up to volume growth (2.4 percent), higher sales prices, by 9.4 percent. After currency translation effects and the acquisition of Alaska reservation of the Milk Corporation in the Philippines (63 million euro, meadow milk premium of 1.3 percent) 15 million euro (2011: 2 million euro), operating profit up by 3.3 percent to 217 million euro • Volume growth of strategic product categories 4.5 percent. Pro forma performance premium up, • Net cash from operating activities up to 247 pro forma milk price down • Profit for the period up by million euro (first half of 8.7 percent to 138 million 2011: 63 million euro) • Guaranteed price down to 34.14 euro per 100 kilos milk euro due primarily to better management of working capital • Pro forma performance • Pro forma milk price premium (1.42 euro) and for members of the pro forma distribution Cooperative down to • Improved result from of member bonds (0.95 36.51 euro per 100 kilos the Consumer Products euro) up in total to 2.37 milk (first half of 2011: International, Ingredients euro per 100 kilos milk 38.63 euro per 100 kilos and Consumer Products milk) Europe business groups • Pro forma meadow milk • Drop in result from Cheese, Butter & Milkpowder business premium of 0.32 euro per group as a result of significantly lower sales prices 100 kilos milk (first half of especially of butter (-27 percent) and milk powder 2011: 0.03 euro) (-15 percent) Profit Revenue Pro forma milk price in millions of euros in millions of euros in euros per 100 kilos of milk, excl. VAT 285 9,626 38.63 38.77 300 10,000 8,972 40 36.51 34.35 8,160 32.38 4,896 129 216 8,000 4,644 30 26.59 27.34 200 4,056 89 6,000 182 20 156 4,000 5,089 100 104 138 4,730 127 4,104 4,328 10 2,000 78 0 0 0 2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 2012 ■■■ first half-year first ■■■ first half-year first ■■■ first half-year first ■■■ second half-year half-year ■■■ second half-year half-year ■■■ second half-year half-year 4 Half-year Report 2012 Good result in the first half year despite a difficult European market FrieslandCampina can look back on a good first half of 2012. Both revenue and result rose despite the difficult market conditions in Europe and the steep drop in the market prices for butter and milk powder. In part due to this the guaranteed price of milk from the member dairy farmers was less than in the first half of 2011. Asia, where FrieslandCampina achieved a quarter of its total revenue, made a major contribution towards the revenue growth and improved result. The volume of infant & toddler nutrition has increased in both the Ingredients and Consumer Products International business groups. The acquisition of Alaska Milk Corporation (AMC) – the number-2 dairy company in the Philippines – means a substantial strengthening of our activities in Asia. With its nearly 100 million inhabitants this archipelago is a fast-growing economy and a significant market for FrieslandCampina. AMC’s activities fit in very well with FrieslandCampina’s activities in Asia. Due to the increasing demand for pre-packed cheese, Friesland- Campina intends acquiring the cheese packaging company IDB Belgium. A letter of intent for the acquisition of two dairy companies in Serbia has not been followed-up because agreement could not be reached regarding the transaction conditions. Market uncertainties had an effect during the first half of the year. In the European home market FrieslandCampina was confronted with the effects of the euro crisis and the negative development The disappearance of the milk quota in 2015 and the difficult of the disposable income of many consumers, which put volumes economic situation in Europe are creating a new dynamic in the under pressure. Despite this Consumer Products Europe succeeded global dairy market. FrieslandCampina is seeing an acceleration of in improving its passing on of cost increases to the market. the international consolidation of dairy companies. This is partly a FrieslandCampina’s team in Greece deserves a positive mention. In reaction to the merger of Friesland Foods and Campina and partly exceptionally difficult conditions they maintained a good level of due to business determining their position ahead of the ending of result. In Nigeria the market stagnated as a result of the uncertain the milk quota within the European Union in 2015. In the coming political situation in the country. Globally, sales prices were under years, the markets will become even more volatile. The route2020 pressure, especially the prices for butter and skimmed milk powder. strategy is proving its robustness in these difficult and volatile This led to lower results from the Cheese, Butter & Milkpowder conditions and forms a solid basis for further growth and result business group. improvement. In 2012 FrieslandCampina has once again taken major steps forward in its endeavours to achieve the forecast growth of its Cees ’t Hart activities in a climate-neutral way. Social organisations, customers CEO Royal FrieslandCampina N.V. and politicians have reacted positively to the initiatives and action plans aimed at reducing the pressure on the environment throughout the entire chain from dairy farm to packaging. As of 2012 FrieslandCampina is encouraging cows being put out to pasture by paying a meadow milk premium of 0.50 euro per 100 kilos of milk. In the Netherlands the Campina Dichtbij (Campina Close By) campaign involved a unique event – dairy farmers and FrieslandCampina employees went out together, door-to-door, offering consumers a carton of Campina milk. Royal FrieslandCampina N.V. 5 First half of 2012: Volume growth contributes towards higher revenue and profit In the first half of 2012, the revenue of Royal Friesland- Campina N.V. rose by 7.6 percent to 5,089 million euro. Profit for the period rose by 8.7 percent to 138 million euro. Volume growth and higher sales prices, to offset the increased costs, contributed towards the revenue growth and improved result. The infant & toddler nutrition category achieved the strongest growth in both the consumer and business to business markets. The results from operating activities were 9.4 percent higher than Organic revenue growth amounted to 6.3 percent. The currency for the first half of 2011. After the reservation of 15 million euro translation effect on revenue amounted to 63 million euro positive. (2011: 2 million euro) for the payment of the meadow milk premium (amounts to 0.32 euro per 100 kilos of milk calculated over all The Consumer Products Europe business group’s net revenue from member milk) operating profit rose by 3.3 percent to 217 million third parties fell by 1.1 percent to 1,427 million euro due to volumes euro.
Load more

Recommended publications
  • Frieslandcampina WAMCO 2014 Annual Report
    table of contents GeneRal 4 Financial highlights 5 Corporate directory 8 Notice of annual general meeting 11 Chairman’s statement 16 The board of directors RepoRts and financial statements 22 Directors, professional advisers and registered office 23 Report of the directors 31 Statement of directors’ responsibilities 32 Report of the audit committee 33 Independent auditor’s report 34 Financial statements 75 Other information 81 Proxy form Financial highlights for the year ended 31 December 2014 2014 2013 % Increase/ =N=’000 =N=’000 (Decrease) Revenue 126,436,219 120,256,164 5.14 Profit before income tax 16,499,920 19,312,554 -14.56 Profit for the year 10,731,278 13,069,521 -17.89 Share Capital 488,168 488,168 0.00 Total equity 9,559,249 8,643,282 10.60 Per Share Data Number of 50k Ordinary Shares 976,335,936 976,335,936 0.00 Basic earnings 10.99 13.39 -17.92 1st interim dividend paid 3.91 5.20 -24.81 2nd interim dividend paid 0.00 2.57 -100.00 Final dividend proposed 4.33 5.68 -23.77 Number of employees 844 829 1.81 4 FrieslandCampina WAMCO Nigeria PLC 2014 Annual Report corporate directory Head office aba regional office FrieslandCampina WAMCO Nigeria PLC c/o CFAO (Nig.) PLC Plot 7b Acme Road 4 Factory Road Ikeja Industrial Estate Aba Ogba -Ikeja Abia State Lagos State Tel: + 234 (01) 271 5100 asaba regional office [email protected] www.frieslandcampina.com.ng Km 5 Benin / Asaba Expressway Behinde Oblinks Filling Station lagos/ogun sales office Asaba Delta State Plot 3b Acme Road Ikeja Industrial Estate abuja regional office Ogba – Ikeja Lagos State Plot 1077, Durumi by Area 3 Junction Garki ibadan regional office Abuja c/o CFAO (Nig.) PLC Kano regional office 59 Onireke Street, Dugbe Alawo c/o CFAO (Nig.) PLC Dugbe – Alawo 12 Muritala Mohammed Way Ibadan Kano Oyo State Kano state Gombe regional office Commercial Area Plot BA/4358 Gombe, Gombe State 5 since 1954, frieslandcampina WAMCO, the number one nutrition company in nigeria, has always been dedicated to the wellbeing of nigerians.
    [Show full text]
  • Frieslandcampina Annual Report 2011
    Annual Report 2011 Annual Annual Report 2011 Royal FrieslandCampina N.V. | Royal FrieslandCampina N.V. FrieslandCampina Royal 1 Annual Report 2011 Royal FrieslandCampina N.V. Caption on cover: Milk is one of the richest natural sources of essential nutrients. The nutritional power of milk is the basis on which FrieslandCampina provides consumers around the world with healthy, sustainably produced food. 2 Explanatory note In this Annual Report we are presenting the financial results and key developments of Royal FrieslandCampina N.V. (hereafter FrieslandCampina) during 2011. The financial statements have been prepared as at 31 December 2011. The figures for 2011 and the comparative figures for 2010 have been prepared in accordance with the International Financial Reporting Standards to the extent they have been endorsed by the European Union (EU-IFRS). The milk price for 2011 received by members of Zuivelcoöperatie FrieslandCampina U.A. for the milk they supplied was determined on the basis of FrieslandCampina’s method for determining milk prices 2011 – 2013. All amounts in this report are in euros, unless stated otherwise. This Annual Report includes statements about future expectations. These statements are based on the current expectations, estimates and projections of FrieslandCampina’s management and the information currently available. The expectations are uncertain and contain elements of risk that are difficult to quantify. For this reason FrieslandCampina gives no assurance that the expectations will be realised. The Annual Report of Royal FrieslandCampina N.V. has also been published on the website www.frieslandcampina.com and is available on request from the Corporate Communication department of FrieslandCampina ([email protected]).
    [Show full text]
  • Frieslandcampina Annual Report 2009
    Annual report 2009 Royal FrieslandCampina N.V. Stationsplein 4 3818 LE Amersfoort The Netherlands T +31 33 713 3333 www.frieslandcampina.com | Royal FrieslandCampina N.V. FrieslandCampina | Royal Annual report 2009 Royal FrieslandCampina N.V. Annual report 2009 Royal FrieslandCampina N.V. Explanatory note In this Annual report we present the financial The financial statements have been prepared as at performance and key developments of Royal 31 December 2009. The figures for 2009 and the FrieslandCampina N.V. in 2009. comparative figures for 2008 have been prepared in accordance with International Financial Reporting We also invite you to read, in a number of brief Standards to the extent endorsed by the European interviews, about how some of our employees and Union (EU-IFRS). The milk price for 2009 has been member dairy farmers feel about 2009. It was an determined on the basis of FrieslandCampina’s method eventful year for many, because of the consequences of for determining milk prices. the financial and economic crisis, the decreased selling prices for dairy products and the amalgamation of the The Annual report of Royal FrieslandCampina N.V. companies following the merger between Friesland has been posted on www.frieslandcampina.com Foods and Campina. and is available upon request from the Corporate Communication Department of FrieslandCampina. This Annual report appears in Dutch, German and English. Only the Dutch text is legally binding, as it is the authentic text. The English text is included as a translation for convenience
    [Show full text]
  • Frieslandcampina Annual Report 2017
    Annual Report 2017 Royal FrieslandCampina N.V. Contents Explanatory note The following terms, among others, are used in this This Annual Report presents the financial results and the Annual Report: key developments of Royal FrieslandCampina N.V. for the • Royal FrieslandCampina N.V. year 2017. (the ‘Company’ or ‘FrieslandCampina’) • Zuivelcoöperatie FrieslandCampina U.A. This year, for the first time, the key developments and (the ‘Cooperative’) results for 2017 are presented in the FrieslandCampina • Supervisory Board of the Company Annual Overview. The objective of the Annual Overview (the ‘Supervisory Board’) is to highlight the company’s key developments in a • Executive Board of the Company straightforward and transparent way. The structure of the (the ‘Executive Board’) Annual Report is more extensive and complies with current corporate governance rules. The FrieslandCampina Annual Overview is available on the FrieslandCampina website and is also available in print. The financial statements are drawn up as at 31 December 2017. The consolidated financial statements are prepared in accordance with the International Financial Reporting Standards as adopted in the European Union (EU-IFRS) and, insofar as applicable, in accordance with Part 9 Book 2 of the Dutch Civil Code. The price for milk supplied in 2017 by the members of Zuivelcoöperatie FrieslandCampina U.A. was determined on the basis of the FrieslandCampina 2017-2019 milk payment policy. All amounts in this Annual Report are in euros, unless stated otherwise. This Annual Report contains statements about future expectations. These statements are based on current expectations, estimates and projections of the management of FrieslandCampina and the information currently available.
    [Show full text]
  • Frieslandcampina's Members' Council Appoints New Board Member And
    For moreadditional information: information: FrieslandCampina Corporate Communication Jan-Willem ter Avest T + 31 (0)(0)33 33 713713 38853885 [email protected] www.frieslandcampina.com FrieslandCampina’s members’ council appoints new board member and approves investment in Indonesia Management provides members’ council with update on developments in the company and the market On Wednesday, 30th September 2020, the members' council of Zuivelcoöperatie FrieslandCampina U.A. decided on a number of proposals, and the board and management updated the council on developments within the cooperative, the company and the markets in which FrieslandCampina is active. The latter also with a view to the coronavirus that has flared up again in many countries in recent weeks. Appointment new board member The members’ council has appointed Mr Frans van den Hurk to the board of Zuivelcoöperatie FrieslandCampina U.A. Van den Hurk is appointed for a period of four years, with the option of reappointment. The appointment is effective as of 15 December 2020. At the same time Van den Hurk has been appointed to the supervisory board of Royal FrieslandCampina N.V. Mr Frans Keurentjes, chairman of Zuivelcoöperatie FrieslandCampina U.A., welcomes the appointment of Mr Van den Hurk, commenting: “Frans has a great deal of experience as a senior administrator of a cooperative and is an experienced entrepreneur. He has a reputation for being a real team player, who is passionate about the cooperative cause and is committed to the interests of its members. As such, I am delighted to welcome Frans to the board of the cooperative and to the supervisory board of Royal FrieslandCampina N.V.
    [Show full text]
  • Greenbook 2017 | I DISCLAIMER
    CONTENTS European Chamber of Commerce in Vietnam 2017 GREENBOOK | renewable energy | waste and water | green building | smart cities best practices and solutions for smart and sustainable development in a new era for europe-vietnam green business, trade and investment Proudly supported by Join the Greenbook Community greenbookvietnam.com This project is co-funded by the European Union TABLE OF CONTENTS CONTENTS CONTENTS i DISCLAIMER ii ABOUT EUROCHAM iii CHAPTER I: INTROducTION 1 1.1. Connecting Green Business in Europe and Vietnam 2 1.2. Europe's New Economic Strategies: Green, Smart and Circular 3 CHAPTER II: VIETNAM'S EcONOmic GROWTH AND GREEN DEVELOPMENT 6 2.1. The State of Sustainable Development in Vietnam Today 7 2.2. Key Green Growth Sectors in Vietnam: Where do we stand today? 8 2.2.1. Renewable Energy 8 2.2.2. Waste and Water 16 2.2.3. Green Building 22 2.2.4. Smart Cities 24 CHAPTER III: ThE FuTurE OF GREEN BuSINESS IN VIETNAM: THE EVFTA AND POLicY ImprOVEMENT 37 3.1. Introduction: A new opportunity for Green Business in Vietnam 38 3.2. Green Issues and Recommendations 40 3.2.1 Renewable Energy 42 3.2.2. Waste, Water and Air Management 47 3.2.3. Green Building 48 3.2.4. Smart Cities 51 3.3. The EU-Vietnam Free Trade Agreement (EVFTA): Paving the Way for Green Business 61 CHAPTER IV: EurOPEAN SOLUTIONS FOR A GREENER FuTurE FOR VIETNAM 65 4.1. Introduction: The European Green Business Sector in Vietnam 66 4.2. Map of Relevant Projects involving European Green Solutions in Vietnam 70 4.3.
    [Show full text]
  • 2015 Annual Report Food Processing Ingredients Vietnam
    THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 1/23/2015 GAIN Report Number: VM5006 Vietnam Food Processing Ingredients 2015 Annual Report Approved By: Mark Dries Prepared By: Nguyen Thi Huong & Michael Ward Report Highlights: The Vietnamese food processing sector continues to expand supported by rebounding economic growth and macroeconomic stability, Vietnam’s deepening international economic integration, and a rapidly urbanizing, youthful population which are shifting their diets to include more processed and package food products. As foreign invested food processors continue to establish themselves in the Vietnam market, the prospects for U.S. food ingredient exporters will continue to improve, but the overall market will remain very competitive, with preference continuing to be given to regional ingredient exporters, such as South Korea, Thailand, and Malaysia. 1 SECTION I – MARKET SUMMARY Vietnam’s food processing and beverage industry continued to grow in 2014, expanding 5.1 percent in the food processing sector, versus a 6 percent growth rate in 2013; and 10 percent in the beverage sector, from 8.8 percent in 2013, according to data provided by Vietnam’s General Statistics Office (GSO) (at 2010 prices). At current prices, Vietnam’s food and beverage industry is growing fast at almost 21 percent in 2013, with food production growing at 20 percent, and beverage production growing by almost 27 percent (See Table 1). Table 1: Gross output of food and beverage manufacturing industries (at current prices) Unit: Billion Vietnam Dong (VND) Year 2009 2010 2011 2012 2013 Change est.
    [Show full text]
  • About Dairy, Nutrition and Health
    About dairy, nutrition and health “Throughout the different stages of life, the daily consumption of milk and dairy products contributes to the intake of valuable nutrients.” The FrieslandCampina Institute Who The FrieslandCampina Institute is the gateway to FrieslandCampina’s expertise on dairy, nutrition and health. The institute informs, inspires and engages scientists, nutritionists and healthcare professionals worldwide, by actively sharing its knowledge. What The FrieslandCampina Institute provides scientists and professionals with the most recent scientific knowlegde and practical tools on a wide variety of nutrition and health topics, ranging from general health to the nutritional composition of milk and dairy products. This information focuses on dairy nutrition which contributes to a healthy life: from childhood nutrition to nutrients contributing to healthy aging. Why “The FrieslandCampina Institute shares knowledge and expertise By sharing scientific expertise and working together with nutrition and health experts, the FrieslandCampina on the nutritional properties of Institute aims to contribute to improving the nutritional milk and dairy products, in order to status of people worldwide. improve the health and well-being of people worldwide.” Scientific 560 FrieslandCampina R&D experts worldwide network FrieslandCampina benefits from an international staff of 560 research and development experts across continents, each committed to investigating the power 350 Wageningen of milk and dairy products. These experts encourage advanced research and innovations, by collaborating with internationally respected institutes of knowledge including universities and other organizations. This network produces new insights into the relation between milk or dairy products and nutrition and 165 Singapore health, resulting in a broad global scientific community with access to the latest scientific insights.
    [Show full text]
  • PCC-Issues-Paper-2021-03-Issues-Paper-On-The-Philippine-Milk-Products-Industry.Pdf
    PCC Issues Paper No. 03 Series of 2021 PAPER ISSUES Issues Paper on the Philippine Milk Products Industry Francis Mark A. Quimba Kirsten J. Dela Cruz Issues Paper on the Philippine Milk Products Industry Francis Mark A. Quimba and Kirsten J. Dela Cruz Published by: Philippine Competition Commission 25/F Vertis North Corporate Center 1 North Avenue, Quezon City 1105 PCC Issues Papers aim to examine the structure, conduct, and performance of select industries to better inform and guide PCC’s advocacy and enforcement initiatives. The opinions, findings, conclusions, and recommendations expressed in these studies are those of the author(s) and do not necessarily reflect the views of the Commission. This work is protected by copyright and should be cited accordingly. The views reflected in this paper shall not in any way restrict or confine the ability of the PCC to carry out its duties and functions, as set out in the Philippine Competition Act. PCC reserves the right, when examining any alleged anti-competitive activity that may come to its attention, to carry out its own market definition exercise and/or competition assessment, in a manner which may deviate or differ from the views expressed in this paper. [email protected] | www.facebook.com/CompetitionPH | www.twitter.com/CompetitionPH | www.phcc.gov.ph CONTENTS LIST OF TABLES AND FIGURES ...................................................................................... 2 BACKGROUND .................................................................................................................
    [Show full text]
  • Vietnam Agribusiness Report INCLUDES BMI's FORECASTS
    Q4 2011 www.businessmonitor.com VIETNAM AGRIBUSINESS REPORT INCLUDES BMI'S FORECASTS ISSN 1759-1740 Published by Business Monitor International Ltd. VIETNAM AGRIBUSINESS REPORT Q4 2011 INCLUDES 5-YEAR FORECASTS TO 2015 Part of BMI's Industry Report & Forecasts Series Published by: Business Monitor International Copy deadline: September 2011 Business Monitor International © 2011 Business Monitor International. 85 Queen Victoria Street All rights reserved. London EC4V 4AB All information contained in this publication is UK copyrighted in the name of Business Monitor Tel: +44 (0) 20 7248 0468 International, and as such no part of this publication Fax: +44 (0) 20 7248 0467 may be reproduced, repackaged, redistributed, resold in email: [email protected] whole or in any part, or used in any form or by any web: http://www.businessmonitor.com means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. DISCLAIMER All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, Business Monitor International accepts no liability whatsoever for any loss or damage resulting from errors, inaccuracies or omissions affecting any part of the publication. All information is provided without warranty, and Business Monitor International makes no representation of warranty of any kind as to the accuracy or completeness of any information hereto contained. Vietnam Agribusiness Report Q4 2011 © Business Monitor International Ltd Page 2 Vietnam Agribusiness Report Q4 2011 CONTENTS Executive Summary ........................................................................................................................................
    [Show full text]
  • Frieslandcampina Trade Associations and Memberships
    FrieslandCampina Trade Associations and Memberships Name English name Country / Region Dairy Associations International Dairy Federation (IDF) Global European Dairy Association (EDA) EU Eucolait European Association of Dairy Trade EU European Whey Producers Association EU (EWPA) Nederlands Nationaal Comité v.d. Dutch National Committee of IDF The Netherlands Internationale Zuivelbond (NNC/IDF) Gemeenschappelijk Zuivelsecretariaat The Netherlands (GEMZU) Nederlandse Zuivel Organisatie (NZO) Dutch Dairy Association The Netherlands ZuivelNL Dutch Dairy supply chain organisation The Netherlands Belgische Confederatie Zuivelindustrie (BCZ) Belgian Dairy Association Belgium China Dairy Industry Association China Federation of Greek Dairy Industries Greece (SEVGAP) Milchindustrie Verband (MIV) Germany Fachverband Westdeutscher Milchwirtschaftler Germany e.V. Förderung der Milchwirtschaft NRW e.V. Milchprüfring Baden-Württemberg e.V. Milch-Verwertungs-GmbH NRW Milchwirtschaftlicher Verein Baden- Württemberg e.V. Rheinischer Landwirtschaft-Verband e.V. Tej Szakmaközi Szervezet és Terméktanács Hungarian Dairy Association Hungary Asosiasi Industri Pengolah Susu (AIPS) Dairy Industry Association Indonesia Indonesia Indonesia Pakistan Dairy Association Pakistan Romanian Dairy Association (APRIL) Romania Russian Dairy Federation Russia Thai Dairy Industry Association (TDIA) Thailand American Dairy Products Institute USA International Dairy Foods Association USA Vietnam Dairy Association Vietnam Food & Beverage Associations Food Industry Asia (FIA) Asia
    [Show full text]
  • Frieslandcampina Half-Year Report 2017
    Half-Year Report 2017 Royal FrieslandCampina N.V. Half-Year Report 2017 Royal FrieslandCampina N.V. Key developments first half-year 2017 Eleven percent increase Stable profit Increased milk price Strategy route2020 in revenue Revenue increased by 10.7 percent to Operating profit rose by 7.8 percent to The total compensation paid to member Further growth in Southeast Asia, primarily 6.1 billion euros due to higher sales prices 275 million euros primarily due to the dairy farmers increased by 24.1 percent with Frisian Flag condensed milk in (+10.3 percent) and the acquisition of strong recovery of the cheese and butter to 2,109 million euros Indonesia and Friso infant nutrition and Engro Foods (+2.4 percent). This increase sales prices Dutch Lady dairy products in Vietnam is constrained by unfavourable currency Guaranteed price for member dairy translation effects (-1.0 percent) and The one-off items recognised in operating farmers increased by 30.4 percent to Declining demand for infant nutrition in negative mix effects (-1.0 percent). profit among other things include the 35.65 euros China; Friso Prestige realises growth, as a 9-million-euro book profit on the sale of result of which margin stays up to par Volume growth in Southeast Asia, with the 8.2 percent interest in Synlait Milk Ltd. Value creation (pro forma performance food service activities, higher value and the impairment of 20 million euros of premium 1.56 euros and pro forma Strong recovery of cheese and butter segment cheese and pharmaceutical the 1.1 percent interest in China Huishan reservation of member bonds 0.44 euro) revenue and result, continued volume lactose; consumer volumes in Europe Dairy Holdings Company Ltd.
    [Show full text]