Milkiland N.V. announced consolidated earnings results for the year 2013. For the year, the company reported revenue grew 19% to EUR 341 million. EBITDA declined 10% to EUR 33.4 million.

Net profit of EUR 11.7 million 14% down year on year. Net cash by the year end decreased to EUR 13.1 million as a result of lower cash flow provided by operations and intensive investments into modernization of cheese production assets in Poland, Russia and Ukraine, as well as in the Ukrainian agricultural operations. Milkiland reached historically record high earnings driven by better volume sales in all segments and better pricing.