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Royal FrieslandCampina N.V. – Annual results 2016
Higher profit on lower revenue in turbulent year
The profit of Royal FrieslandCampina N.V. in 2016 increased by 5.5 percent to 362 million euros in comparison to the previous year. The operating profit declined by 2.3 percent to 563 million euros. Adjusted for negative currency effects of 30 million euros, the operating profit is 593 million euros. The margin stayed up to par due to the sale of more added-value products, especially in Asia, and lower procurement costs. The volume of milk supplied by member dairy farmers increased by 7.1 percent to 10.8 billion kilos. In spite of the growth in volume, revenue decreased by 1.9 percent to 11.0 billion euros due to negative currency effects. The cash flow from operating activities decreased to 850 million euros due to the stocks having a higher value at the end of 2016.
More information about our annual results 2016 are available at: https://www.frieslandcampina.com/en/news/.