23 Jul 2020 ---- FrieslandCampina has reported a strong start of the year with first-quarter results above last year, but in the second quarter it expects major impact from the COVID-19 pandemic on operations and results. Pressures were most notable due to a strong decline in out-of-home sales, lower basic dairy prices and a fall in infant nutrition sales in Hong Kong due to closed borders with China. This was partially offset by higher profit for Consumer Dairy and Ingredients.
