Strong performance from Carbery Group

Carbery’s ingredients division, which includes its dairy ingredients business and Synergy, its flavour operations, reports strong earnings in 2009.

The dairy ingredients business performed robustly in sectors such as infant nutrition and performance nutrition across key geographical markets, says the firm, while Synergy performed strongly in established markets in the EU and US – but also in new markets in South East Asia and South America. For the year ended 31 December, Carbery Group reported EBITA of £5.4 million (£6.2m) on turnover of £160 million (£183.8m). Pre-tax profits were £2.3 million (£2.7m)

“Carbery Group is now a strong and diversified food business with a large international focus, says CEO Dan MacSweeney.“The strength of our ingredients business stems from a diverse, high quality product range that meets multiple manufacturing and consumer needs, which are allied to our continued focus on R&D and innovation. We expect to see further top-line and margin growth over the next five years.

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