03/07/2024 | Ingredients

The Uelzena Group presents solid results in 2023

Die Gruppe zieht eine gemischte Bilanz für das Geschäftsjahr 2023. The Uelzena Group takes stock of mixed results for the 2023 business year. Despite the conservative expectations for the past business year, the company group was able to achieve a significant increase in the annual net profit compared with the previous year. The core business of the Uelzena Group, milk processing, experienced positive growth in the reporting year. Despite the hot summer, raw milk deliveries could be increased by just over 4 %. As was expected, it was not possible to achieve the average milk payout for the record year of 2022 although thanks to the positive second half of the year, an average payout of above 40 euro cents was achieved. Raw milk was purchased regionally at a rate of 96 %, thereby helping to increase the added value created in the area surrounding the site locations. Economic situation The group turnover declined slightly to €929 million in the 2023 reporting year. Dairy product revenues fell from their all-time high in 2022 and these product groups recorded a drop in sales of about €122 million, with the exception of speciality products, which recorded growth of just over €15 million. In addition to the higher group earnings, the equity ratio also increased significantly from the previous year at 35.9 %. In terms of sales volumes, the primary product groups achieved slight growth of about 2,000 tonnes. Cheese and milk powder recorded rises, whereas the volumes for condensed milk, delicatessen and speciality products dropped slightly. Sales of milk fats remained virtually unchanged.