Friesland Foods delivered a good performance in 2007. Profit for the year rose by 35 percent, landing at 172 million euros (2006: 128 million). Revenue was up 400 million euros on 2006, rising to 5.1 billion euros (8.5 percent). Revenue growth was posted in all business groups and regions thanks mainly to higher selling prices. In Asia and Africa, volumes increased as well (by 9 percent), although margins did come under pressure here in the last quarter of the year because increases in the cost of raw materials were not fully covered by higher selling prices. The increase in profit was attributable to the Classic Dairy and Industrial business groups.
Annual Report 2007