FrieslandCampina Half-Year Report 2023

Revenue rose by 4.6 per cent in comparison to the first half of 2022 to 6.9 billion euros; adjusted for currency translation effects increase in revenue 6.9 per cent.

Highlights

• In euros per 100 kilograms of milk excluding VAT, at 3.58% protein and 4.45% fat.
• This concerns the balance of the guaranteed price of 49.63 euros and a settlement of 0.33 euro per 100 kilograms of milk for a too low estimate over the first half-year 2023.
• These elements are determined on the basis of the full-year profit figures.
• Effective from 2023, member dairy farmers receive a variable Foqus planet premium for Sustainable Development, including pasture grazing, of a maximum of 3.50 euros per 100 kilograms of milk. The average premium is 1.73 euros per 100 kilograms of milk. Dairy farms supplying On the way to PlanetProof milk do not receive a Focus planet premium. The cooperative for 2023 withholds 0.60 euro per 100 kilogrammes of milk from all members for sustainability.
• Special supplements concern the total amount of payments per 100 kilograms of milk for Landliebe, VLOG [non-GMOJ and the On the way to PlanetProof of 0.52 euro per 100 kilograms of milk, and the difference between the guaranteed price paid for organic milk (81.05 euros) and regular milk (49.96 euros). On average, on all Friesland Campina member milk, this amounts to 0.09 euro per 100 kilograms
• of milk.