date:Nov 09, 2012
Dairy crest interim results announced. Revenue: 688.2m. (739.m) -7%. Profit for the period: 49.3m. (29.9m) +65%
Much improved financial position following successful disposal of St Hubert. St Hubert sold for 430 million, generating a post-tax profit on sale of 47.7 million. Balance sheet transformed. Net debt: EBITDA ratio 0.7x (20: 2.4x). Well placed to make targeted, value-enhancing acquisitions in the UK.
Strong performance from key brands and new products. UK Spreads and Cheese sales jo