Steady first half performance in challenging trading environment
- Four key brands together deliver sales growth
- Annual cost savings ahead of £20 million target
- Interest savings as expected
- Interim dividend up 3.5%
- Whey project underway
Mark Allen, Chief Executive, said:
"Dairy Crest has had a steady first half. Despite the challenging environment we have continued to grow our key brands through innovation and reduce our cost base.
We have committed to an exciting whey project which will increase future profits and widen our customer base. This is a significant move for Dairy Crest which demonstrates our focus on growing the business in added value markets.
We remain confident that full year performance will be in line with our expectations."
