For the first half of 2023, Savencia has reported net income (group share) of 51 million euros, compared with 71 million a year earlier, and operating income before non-recurring items (OIR) down 11% to 112 million.

The food group explains that its ROC benefited from price increases and industrial productivity gains, but was penalized by the impact of lower world dairy ingredient prices.

At 3.38 billion euros, its sales rose by 11.7% on a reported basis, including +14.4% in organic growth (+11.5% for cheese products and +19% for other dairy products).

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