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Trading statements

Dairy Crest key brands ahead of last year

18 September 2017 07:34

Combined volumes for Dairy Crest's four key brands - Cathedral City, Clover, Country Life and Frylight - are expected to be ahead of last year.

The group said combined value growth of these brands was expected to be higher than volume growth.

It said Cathedral City, the UK's leading cheese brand, was expected to deliver double-digit volume growth in the first half. An update said: 'Cathedral City, Clover and Frylight continue to show strong volume growth.

'As previously stated, as a result of higher cream prices, which determine input costs for the butter business, we have reduced promotional activity on Country Life.

'Whilst this has impacted sales volumes, it has partly mitigated the adverse impact on margins. 'In conjunction with our partner, Fonterra, we continue to make good progress developing the customer base for our demineralised whey and galacto-oligosaccharide. We will start to benefit from this in the second half of the year.'

Story provided by StockMarketWire.com

Related Company: DCG

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