Strong Demand for Dairy Nutrition Supports Volac Growth
28 Nov 2013 --- Dairy nutrition company, Volac, has published its results for the financial year ending February 2013. During this period the business achieved an operating profit of £23.7m (up 37% on previous year) and a turnover of £193.3m (up 19% year on year).
Volac cites its main achievements in the financial year as follows:
- A significant increase in profit from operations in the UK, Ireland and The Netherlands
- A 31% increase in export sales revenue from UK manufacturing sites particularly to Ireland
- Good performance of its dairy ingredients business due to high commodity prices
James Neville, Chief Executive of Volac, explains the performance as follows: “There continues to be a strong demand for our dairy nutrition products which are designed to improve productivity and health in livestock and to help people lead healthier and more active lives.”
“Volac has a strong track record in investing our profits back into our business. We intend to use our success to seek further collaborative investments that move our business and the industry forward”.
“Customers are our top priority and we will continue to deliver products that meet their unique requirements. We are delighted with our strong export success as a British business. We continue to promote the health benefits of dairy nutrition and are proud of the impact we are making in the industry".