菲仕兰上半年营收提高6.4%至68.47亿欧元，皇家美素佳儿旺玥儿童奶粉在中国保持高双位数增长

Core Insights - Royal FrieslandCampina reported a 6.4% increase in revenue for the first half of 2025, reaching €6.847 billion, with operating profit rising to €363 million and net profit increasing to €230 million [1][2] - The price of milk rose by 19.1% compared to the same period last year, reaching €59.66 per 100 kg, primarily due to increased guaranteed prices [1][2] - The professional nutrition business group saw an 18.1% revenue growth to €718 million, with operating profit increasing by 61% to €219 million, driven by the continued growth of the Friso brand in the Chinese market [2] Revenue and Profit Performance - The professional nutrition and ingredients business groups performed strongly, with both market share and operating profit increasing compared to the first half of 2024, fueled by sustained demand for high-quality nutrition products among specific target groups such as children and athletes [1] - The European business group made positive progress with its key brands, although overall sales slightly declined due to a drop in non-key brand sales and strategic choices [1] Market Position and Supply Chain - In the infant formula market (excluding goat milk), FrieslandCampina's Friso brand ranked third in market share from January to May 2025, according to Nielsen IQ [2] - The supply of member milk decreased by 1.6% year-on-year to 4.6 billion kg, attributed to the aging of dairy farmers and ongoing industry uncertainties leading to farm closures [2] - The guaranteed price for milk increased by 19.6% compared to the same period last year, reaching €55.63 per 100 kg, with expectations for the price to be €59.66 per 100 kg, reflecting a 19.1% increase compared to the first half of 2024 [2]