The business achieved an excellent result in a year of mixed fortunes for our farming customers. Following an exceptional first half, results in the second half were broadly in line with the same period in the previous year despite the tightening
economic conditions on-farm.
Our focus on building the capability of our people and strengthening the quality of relationships with our farming customers continues. This approach allows us to grow sales when the sector is buoyant and still do well when times are tough.
Although the short term business environment for dairy is challenging, the long term fundamentals remain compelling. Growth in the world population, and particularly in the number of middle class consumers, will continue to drive increased demand for quality food – a trend our customers are well positioned to benefit from.