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Ornua's 2023 results dip due to challenging markets

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Kerrygold brand owner Ornua has reported lower turnover and operating profits for 2023 due to the challenging market conditions that the Irish dairy industry faced last year.

Ornua , the largest exporter of Irish dairy products, said its turnover for the 12 months to the end of December dipped by 0.7% to €3.4 billion, while its operating profits fell by 8.2% to €127.2m from €116.8m in 2022.

It also opened the new €40m development at Kerrygold Park, which increased production capacity to about one million retail packs a day. Looking to the rest of the year ahead, it said that global milk supply looks likely to remain flat which should support the market.

Business Agribusiness Kerrygold Kerrygold Park Ornua

 

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