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Dairy Crest Group PLC (DCG.L)

DCG.L on London Stock Exchange

606.00GBp
12:08pm EDT
Change (% chg)

20.00 (+3.41%)
Prev Close
586.00
Open
589.00
Day's High
606.00
Day's Low
586.00
Volume
381,603
Avg. Vol
452,645
52-wk High
697.00
52-wk Low
503.00

Latest Key Developments (Source: Significant Developments)

Dairy Crest posts FY adjusted profit before tax up 5 pct
Thursday, 18 May 2017 02:00am EDT 

May 18 (Reuters) - Dairy Crest Group Plc :Final dividend up 2 percent to 16.3 penceper share.Preliminary results.FY adjusted profit before tax 1, 2 up 5% to £60.6m.Cathedral City returns to volume growth in second half - strong momentum in 2017/18.Frylight, clover and country life spreadable all grow volume and increase market share.Demineralised whey production meets targeted levels of infant formula grade.FY revenue at £416.6m down 1%.FY net debt at £249.8m, +9%.FY profit before tax at £40.3 million , down 11%.In first nine months of financial year cheese retail prices fell or remained stable.Since christmas, however, we have seen evidence of prices increasing on shelf.Butter has been even more affected than cheese..Inevitably this has impacted margins in our butters, spreads & oils business..Managing volatility is a challenge for both us and food retailers, our principal customers.."during course of year we have increased price we pay farmers for milk by 38% to 30 pence per litre".FY adjusted profit before tax (before exceptional items, amortisation of acquired intangibles and pension interest) increased by 5.0% to £60.6 million.Proposed final dividend of 16.3 pence per share represents an increase of 0.3 pence per share.  Full Article

Dairy Crest says expectations for FY profit before tax remain unchanged
Thursday, 9 Feb 2017 02:23am EST 

Dairy Crest Group Plc : Interim management statement . Outlook for full year remains in line with our expectations. . Our key brands have continued to perform well . Clover, Frylight and Country Life have all grown volumes in first nine months of year and have taken significant share in their respective markets . As predicted, Cathedral City performance improved in q3. . Overall, in first nine months of year combined volumes of Cathedral City, Country Life, Clover and Frylight are in line with same period last year. . We have seen further milk cost inflation since half year and have now announced increases in price paid to farmers of 8.28 pence per litre since june 2016 . This represents an increase of 38 pct . Market prices for cream have remained high after more than doubling in first half of year. . Expect year end net debt to be somewhat higher than 31 march 2016 . Board has approved appointment of Deloitte as external auditor for year commencing 1 April 2017. ." outlook for full year remains in line with our expectations." - ceo.  Full Article

Dairy Crest announces research partnership with Dupont Industrial Biosciences
Wednesday, 21 Dec 2016 02:00am EST 

Dairy Crest Group Plc : Dairy Crest announces animal nutrition research partnership with Dupont Industrial Biosciences .Under partnership agreement, Danisco Animal Nutrition will support further product development and trials, commencing in January 2017.  Full Article

Dairy Crest sees half-year profit ahead of last year
Monday, 19 Sep 2016 02:00am EDT 

Dairy Crest Group Plc : During first half, Cathedral City successfully launched its new branding and packaging . As a consequence we expect a small volume decline in first half of year compared to a very strong performance in first half of last year . We expect volumes to improve in second half of year . In first half we expect that combined volumes of our four key brands, Cathedral City, Country Life, Clover and Frylight, will be ahead of last year . This is an improvement on Q1 where they were in line with last year . In order to maintain brand's premium positioning within category we have chosen to discount less than our competitors during period . Margins have improved and we have seen a positive consumer reaction to new packaging and marketing campaign . We expect half year profit to be ahead of last year and our expectations for full year remain unchanged .Net debt in first half of this year is anticipated to be lower than that seen in 2015.  Full Article

Dairy Crest says Q1 trading in line with expectations
Tuesday, 19 Jul 2016 02:00am EDT 

Dairy Crest Group Plc : Outlook for full year remains unchanged .Trading in Q1 has been in line with our expectations.  Full Article

Dairy Crest says FY revenue down 5.8 pct
Thursday, 19 May 2016 02:01am EDT 

Dairy Crest Group Plc : Profit margins from continuing operations maintained after a strong second half of year . Although we expect food price deflation to persist in short term, business is well positioned to deliver profitable and sustainable growth. . FY revenue decreased by 5.8% to £422.3 million. .Final dividend 16 penceper share.  Full Article

More From Around the Web

UK's Dairy Crest reports full-year revenue down 1 pct, adjusted profit up

May 18 Britain's Dairy Crest Group Plc said on Thursday its full-year adjusted profit to March rose 5 percent but revenue fell 1 percent with margins on its butters, spreads and oil business hit by higher input costs during the period.