30/06/2020 | Ingredients

Uelzena Group reports record turnover

Consolidated sales of EUR 705 m generated in the reporting year represents the Uelzena Group’s highest turnover since its foundation. A 21 % growth in the raw milk delivered meant an additional raw material volume of 112 m kg. The overall delivery was 638 m kg. This increased volume is attributed to new milk producers joining the group’s member cooperatives and represents the largest processing volume in the company’s history.

The 2019 pay-out price of Uelzena eG at 33.79 ct/kg was nearly 0.11 ct/kg above that of the previous year, and also above the national German average. All sites received further investments as part of the Uelzena Group’s modernization and expansion programme, and the balance sheet total therefore far exceeded that of previous years. In figures, a total of close to EUR 224 m was reported, which equates to an increase over the previous year of about EUR 14 m. The equity ratio achieved a solid 38.5 % and is important to ensure funding and the implementation of further investment programmes.

Sales were largely positive in all product groups. All main product groups recorded increases and with a total volume of 243,900 t, sales were nearly 12,800 t above that of the previous year. Milk powder and milk fats featured the greatest increases along with specialist products. The total number of employees rose once again by 4 %, or 32 people. On the reporting date for the year end, 777 staff were employed in the Uelzena Group.