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Savencia: 15% sales growth in the first quarter

(CercleFinance.com) - Savencia Fromage & Dairy posted sales of 1.
67 billion euros as of March 31, 2023, up 14.7% compared to the first quarter of the previous year, driven by organic growth of 17.6%.

On a like-for-like basis, sales of cheese products increased by 13.6% thanks to the partial passing on of inflation in prices, and sales of other dairy products rose by 23.2%.

While the performance at the beginning of the year remains in line with that of the end of the previous financial year, Savencia warns that the uncertainties linked to the environment do not give visibility for 2023.

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