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Finance
Press releases
2024 Half-yearly results
Sales growth of +1.6%
• Sales growth of +3.7%
• Current operating income down -9.1%
Reported sales growth of +3.7% over the year 2023, despite a decline of -3.7% in the fourth quarter
Organic sales growth of 11.2%
2023 half-yearly results
Activity for the 1st quarter 2023
SAVENCIA Fromage & Dairy announces the acquisition of WILLINER in Argentina
April•05•2023 at 17:49
SAVENCIA Fromage & Dairy announces the acquisition of Sucesores de Alfredo Williner (Williner)
2022 Annual Results
2022 Annual sales
17.3% increase in sales
2022 Half-yearly financial statements
At 31 March 2022, the net sales of Savencia Fromage & Dairy reached 1,455 million euros, up by 9.4% or 125 million euros. This change is primarily due to strong organic growth of 8.1% and marginally to:
Press Release Savencia Fromage & Dairy March 25th, 2022
A solid organic growth that strengthens the financial structure
Press release Savencia Fromage & Dairy
Press release Savencia Fromage & Dairy
Solid organic growth across all activities
Good organic growth driven by International operations
Savencia Fromage & Dairy announces the acquisition of Hope in the USA
October•07•2021 at 18:00
SAVENCIA Fromage & Dairy announces the acquisition of Colorado-based Hope, a leading brand of hummus and other plant-based dips.
Continued growth in the first half of 2021
Financial Information Meeting 2021
Resilience confirmed and good growth
At December 31, 2020 Savencia Fromage & Dairy’s net sales increased by €153 million or +3.1% over the previous year.
Solid growth, despite the crisis
A positive organic growth during the third quarter
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS as of June 30, 2020
September•03•2020 at 17:39
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS as of June 30, 2020
Stability of Sales and operating performance preserved
Faced with the current unprecedented crisis, the absolute priority of Savencia Fromage & Dairy has been and remains the safety of its 20,000 employees worldwide, and of all its partners, in order to continue to serve its customers in all the countries where the Group is present.
At March 31, 2020 Savencia Fromage & Dairy’s net sales amounted to €1,220 million, an increase of 1.9% over the previous year, reflecting mainly:
Financial Analysts’ Meeting presentation
The Board of Directors of Savencia Fromage & Dairy met today to assess the Group’s situation within the present worldwide pandemic (Covid-19) situation, and the compulsory confinement of the population of multiple countries.
The Board of Directors has decided to confirm the holding of the Company’s Annual General Meeting scheduled for April 23, 2020 but, for imperative sanitary reasons, to hold it in closed session as allowed by the French administrative orders published on March 25, 2020, relative to the approval and publication of financial statements and to the adaptation of the regulations for shareholders’ meetings and deliberations.
At €5,007 million, Groupe Savencia Fromage & Dairy’s net sales for 2019 have increased by €144 million, or 3% over 2018, mainly reflecting organic growth of 2.8%.
Groupe Savencia Fromage & Dairy’s net sales have reached €5.007 million for 2019
CHEESES FROM SAVENCIA FROMAGE & DAIRY AWARDED AT THE WORLD CHEESE AWARDS
November•07•2019 at 14:59
Rogue River Blue Cheese, an American cheese of the French group SAVENCIA Fromage & Dairy, awarded 2019’s Best Cheese in the World!
At €3,648 million, Savencia Fromage & Dairy’s net sales have increased by €121 million or 3.4% net of a negative foreign exchange impact of €63 million. The increase in value of most currencies in comparison with the euro was not enough to offset the Argentinian Peso’s sharp loss in value.
Consolidated financial statements as of June 30, 2019
CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2019 WITH ANNEXES
September•06•2019 at 18:04
Consolidated financial statements as of June 30, 2019 with annexes
Savencia Fromage & Dairy’s consolidated net sales have increased by 3.4%, following a negative 1.7% foreign exchange impact mainly reflecting the loss in value of the currencies of South America and Eastern Europe.
At €1,197 million, Savencia Fromage & Dairy’s consolidated net sales for the 1st quarter of 2019 have increased by 1.8% in comparison with 2018.
2018 Financial Analysts Meeting
CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018
Groupe Savencia Fromage & Dairy’s net sales increased by 0.2% in 2018 compared to 2017, reflecting organic growth of 2.1%, a positive scope of consolidation impact of 2.0% and a negative foreign exchange impact of 3.8% as discussed in the Group’s press release dated February 7, 2019.
At €4,863 million, Savencia Fromage & Dairy’s consolidated net sales for 2018 increased by 0.2% over 2017 reflecting a positive scope of consolidation impact of 2%, a negative foreign exchange one of 3.8% and organic growth of 2.1%, this even stronger during Q4 with an increase of 4% versus Q4 2017.
At €3,526 million, Savencia Fromage & Dairy’s consolidated net sales fell by 0.6%, reflecting a negative foreign exchange impact of 3.6% following the fall in value of the South American currencies and of the US dollar.
Savencia Fromage & Dairy’s net sales remain stable at -0.4%, impacted by the decrease in value (-3.7%) of most currencies against the euro.
Publication of the consolidated financial statements as of June 30, 2018
At €1,176 million, Groupe Savencia Fromage & Dairy’s net sales for the 1st quarter of 2018 have increased by 2.3% over the previous year as a result of the following three elements
Financial Analysts Meeting - March 15, 2018
Groupe Savencia Fromage & Dairy’s net sales increased by 9.8% in 2017 compared to 2016, reflecting organic growth of 10.8% and a negative foreign exchange impact of 0.9% as discussed in the Group’s press release dated February 7, 2018.
Publication of the consolidated financial statements as of december 31, 2017
Savencia Fromage & Dairy’s net sales for 2017 increased by 9.8% to €4,853 million, reflecting both organic growth of 10.8% and a negative foreign exchange impact of 0.9%.
At €3,547 million, Savencia Fromage & Dairy’s net sales have increased by 11.1% reflecting organic growth of 11.5% and a negative foreign exchange impact of 0.4%, in turn mainly reflecting the fall in value of the Argentinian, Chinese, Egyptian and British currencies partially offset by a gain in value of the Brazilian real against the euro.
Reinforcement of international operations during the 1st half of the year, but an unfavorable outlook for the 2nd half
Publication of the consolidated financial statements as of June 30, 2017
At €1,150 million, net sales for Savencia Fromage & Dairy have increased by 11.7% in the 1st quarter of 2017, compared with 2016
Financial Analysts Meeting - March 16, 2017
Publication of the consolidated financial statements as of december 31, 2016
2016 summary of consolidated accounts
Net sales for 2016 of Groupe Savencia Fromage & Dairy, at €4,418 million, are down slightly by 0.5% over 2015, reflecting a negative foreign exchange impact of 2.7% and positive organic growth of 2.2% thanks in particular to international sales.
At €4,418 million, Groupe Savencia Fromage & Dairy’s net sales for 2016 have fallen slightly by 0.5% against the previous year.
Net sales for Savencia Fromage & Dairy have fallen by 2.1% with a foreign exchange impact of -3.1% reflecting the general devaluation of world currencies against the euro, with particular impact from the Argentinian peso, the Brazilian real and the Chinese renminbi.
Net sales fell by 4% as a result of negative foreign exchange impacts and of the simultaneous fall in prices for retail products and in world prices for industrial products.
Publication of the consolidated finanacial statements as of 30 june 2016
The fall in world prices for industrial products and the devaluation of the South American currencies have adversely affected net sales for the 1st quarter, which fell by 5.8%.
Financial analysts meeting - March 9, 2016
2015 summary of consolidated accounts
The drop in world prices for milk and industrial products provides the main explanation for the fall in net sales.
In 2015, Savencia Fromage & Dairy achieved total net sales of €4,442 million, down 3.6% over 2014.
Consolidated financial statements as of december 31, 2015
Savencia Fromage & Dairy’s net sales have decreased by 2.7% essentially as a result of falling milk prices and world prices for industrial products. The positive foreign exchange impact of 2.3% reflects the strengthening of the dollar and other main world currencies against the euro. The 2.4% negative structural impact reflects the divestiture at the end of December 2014 of Schratter, a US importer and distributor.
Net sales are down by 2.4%. The positive foreign exchange impact of 2.8% is mainly due to the weakening of the euro against the dollar and most other world currencies...
Summary of consolidated accounts as of 30 june 2015
Consolidated financial statements as of June 30, 2015
Net sales are down by 1% mainly due to falling world prices for industrial products, which impacted net sales of Other Dairy Products by -4.2%...
Bongrain SA changes its name to SAVENCIA Fromage & Dairy
2014 summary of consolidated accounts
Net sales have increased by 9.6% including 4.7% of organic growth. The negative foreign exchange impact of -2.7% mainly reflects the depreciation of the South American currencies...
Consolidated financial statements as of December 31, 2014
Net sales have increased by 13.0% including 6.5% for organic growth and 10.1% reflecting changes in scope of consolidation, namely the full consolidation: in France, of the operations of Terra Lacta (in October 2013) and Sodilac (in December 2013); in Germany, of Söbbeke (in August 2013); and in Rumania, of Delaco (in January 2014), an investment previously accounted for using the equity method. ...
Publication of the summary consolidated accounts as of 30 june, 2014
Net sales have increased by 13.9% including 8.0% of organic growth. The foreign exchange impact of - 4.0% essentially reflects the change in value of the South American currencies. ...
Consolidated financial statements as of June 30, 2014
Net sales have grown by close to 8%, including a 3.5% organic growth for cheese products, despite the unfavorable basis of comparison in Western Europe due to a later Easter in 2014. ...
The increase in net sales has been driven by the development of the Group’s specialty brands, the extension of its portfolio of dairy ingredients and acquisitions.
Publication of 2013 summary of consolidated accounts
Net sales have grown by close to 8%, including a 3.5% organic growth for cheese products, despite the unfavorable basis of comparison in Western Europe due to a later Easter in 2014. ...
Consolidated financial statements as of december 31, 2013
The Group’s operations in the 3rd quarter remained in line with the trends observed during the 1st half of the year.
Net sales have improved by 3.5% reflecting 4.4% of organic growth and -1.6% of unfavorable foreign exchange impacts essentially due to South American currencies; scope of consolidation had an impact of + 0.7. ...
Summary consolidated accounts as of 30 june 2013
Consolidated financial statements as of June 30, 2013
Bongrain SA and Terra Lacta today signed a memorandum of understanding specifying the contours of the partnership previously announced.
Cheese product growth was positive thanks to international development. The market in France was subject to strong downward pressure on prices on the part of the hypermarket and supermarket chains.
...
Publication of the 2012 summary of consolidated accounts
Net sales increased by 2.6% including 0.5% of organic growth and 1.4% attributable to the consolidation of Milkaut with effect from February 2011 and Sinodis with effect from October 2011. ...
The TERRA LACTA cooperative and BONGRAIN SA confirm their intention of entering a closer relationship, this following a period of exclusive discussion which has enabled them to identify a certain number of potential forms of convergence and synergy.
Consolidated financial statements as of december 31, 2012
At September 30, 2012 Bongrain SA’s net sales were up 1.1% over the comparable period of 2011.
Summary consolidated accounts as of 30 june 2012
Net sales are up by 5.3% reflecting 2.7% of organic growth and 1.8% of change in scope, following the consolidation of Milkaut (February 2011) and Sinodis (October 2011). ...
Consolidated financial statements as of June 30, As of June 30, 2012
7.1% increase in net sales
2011 summary consolidated accounts
Growth in volumes
Resilience of current operating profit
On a like-for-like basis, Bongrain SA’s net sales for 2011 were up 7.3% over the previous year.
At the end of September 2011, Bongrain SA’s net sales were up 7.8% on a like-for-like basis compared with the same period of 2010.
Summary consolidated accounts as of 30 june 2011
The Group’s net sales grew by 13.2%, of which 9.1% on a like-for-like basis, reflecting growth in cheese products as well as improved world prices for industrial products
Bongrain SA’s net sales for the 1st half of 2011 were up 13.2% compared to the 1st half of 2010
Bongrain SA recorded 1st quarter 2011 net sales up 12.6% compared to Q1 2010, thereby confirming the trend already noted during Q4 2010.
2010 summary consolidated accounts
Growth in operating profit
Bongrain SA's net sales for 2010 amounted to €3,570 million compared with €3,279.3 million in 2009.
As of September 30, 2010 Bongrain SA’s net sales increased by 5.9% on a like-for-like basis compared with the same period of the previous year.
Summary consolidated accounts as of june 2010
Improved half-year results in comparison with 2009
Outlook for the 2nd half of 2010
Bongrain SA’s sales for the 1st half of 2010 were up 4.1% on a like-for-like basis compared with the same period of the previous year
Effective today, each of Jean-Paul TORRIS and Robert BRZUSCZAK has been appointed an Executive Vice President of BONGRAIN SA.
They will be jointly responsible for BONGRAIN SA, together with its Chairman, Alex BONGRAIN.
Bongrain SA’s consolidated 1st quarter net sales for 2010 were up 3.2% compared to the same period of 2009
Ssummary consolidated accounts as of 31 december 2009
- Operating profit up
- Net borrowings down
Bongrain SA recorded net sales of €3,279.3 million for 2009 compared with €3,555.1 million for 2008.
