Despite a ‘challenging’ first half to 2024, Dairygold Co-Operative Society Limited has announced an increased turnover of over €10m and improved financial performances by all businesses in its financial results for 2024, with the net bank debt level described as remaining ‘at a very manageable level’.
The society delivered a turnover of €1.4 billion, an increase of €10.6 million year-on-year, reflecting increased dairy market returns, which were partially offset by a decrease in milk production and lower feed and fertiliser prices.
The Munster based dairy processor, announcing the results on Wednesday, delivered an EBITDA of €65.4 million, an increase of €10.4 million (18.9%) on the 2023 EBITDA of €55.0 million, with improved financial performances being achieved by all businesses, with Vita Actives Limited, in its first full financial year as a subsidiary of Dairygold, delivering on its financial objectives.
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