Savencia: 2024 Annual Sales

Core Insights - The company reported a sales growth of +5.1% for the year 2024, primarily driven by Other Dairy Products amidst ongoing milk price inflation [1] - Organic growth stood at +3.1%, with Other Dairy Products showing a significant increase of +7.8% [1][3] - Cheese Products experienced a slight decline in sales, although organic growth was recorded at +0.5% when excluding exchange rate effects [2] Sales Performance - Total sales reached €7,140 million in 2024, compared to €6,791 million in 2023, reflecting a growth of +5.1% [1] - Cheese Products accounted for €4,055 million, representing 56.8% of total sales, with a slight decrease of -0.6% from the previous year [1] - Other Dairy Products saw sales of €3,328 million, a notable increase of +13.9% from €2,923 million in 2023 [1][3] Market Dynamics - The growth in Other Dairy Products was attributed to positive trends in international markets and enhanced activities in Europe [3] - The price/mix effect contributed positively to Cheese Products, indicating the strength of the company's brand portfolio despite volume declines [2] Environmental and Social Commitments - The company is focused on improving its environmental performance, including reducing water consumption and greenhouse gas emissions, aligning with its SBTi 1.5° commitment [5] - Savencia Group has been recognized as a "TOP EMPLOYER" in Europe and 17 other countries, with 90% of its employees working in certified countries [5]