01/07/2019 | Ingredients

Uelzena Group with major investment projects

Record highs for milk deliveries and large investment projects shaped the Uelzena Group in 2018. The quantity of milk received in 2018 reached a new record high of 626 m kg. Growth in raw milk alone was 12 %. The delivery volumes rose because the new regional milk producers were accepted as raw milk suppliers. The Uelzena Group sales amounted to EUR 648 m while not quite matching the above-average revenue situation of the previous year.

Major investments were made as part of the modernization and expansion program. This resulted in an increased balance sheet total of about EUR 210 m for 2018 compared to approximately EUR 175 m in 2017. Despite a strong increase in balance sheet total, the equity ratio reached a very good level of 37 %. The annual surplus amounted to almost EUR 9 m. Staff increased by 4 % to a total of 745.