Savencia (SAVE) Q4 2024 TU earnings summary

Executive summary

• Consolidated sales reached €7,140M for 2024, up 5.1% year-over-year, amid persistent milk price inflation, especially in France.

• Organic growth was 3.1%, with Other Dairy Products driving performance and a strong Q4 due to a favorable base effect.

• Integration of Williner in Argentina contributed 1.1% to reported growth; currency effect added 0.9%.

Financial highlights

• Total sales increased by €349M compared to 2023, with Other Dairy Products up 13.9% and Cheese Products nearly stable.

• Cheese Products sales slightly declined by 0.6% but showed 0.5% organic growth excluding exchange rate effects.

• Other Dairy Products saw 7.8% organic growth, supported by international and European market expansion.

Outlook and guidance

• Next financial publication scheduled for March 6, 2025.