Dairy Processor News / Top 100
Investor news

Sales of dairy ingredients, butter set record at Land O'Lakes

Dairy sales also rose at Nestle, Arla and Kraft.

February 26, 2014
/ Print / Reprints /
ShareMore
/ Text Size+

Land O'Lakes Inc., Arden Hills, Minn., said that its Dairy Foods business segment in 2013 generated record pretax earnings of $75 million on sales of $4.5 billion, up 8% from 2012. The results were driven by improved margins on milk powders and butter in Global Dairy Ingredients along with records in sales volume and earnings in the Retail Foods and Foodservice businesses.

Yesterday the dairy cooperative announced record annual sales for the entire business of $14.2 billion, up 4.4% from the prior year, and record net earnings of almost $306 million, a 27% increase over the prior year. The farmer-owned, Fortune 200 food and agriculture cooperative has more than doubled annual sales and grown net earnings by more than 330% over the last seven years, according to the company.

Overall results for 2013 also included a record return of $147 million to members, representing a 30% increase in patronage compared to 2012. Read the complete 2013 Land O'Lakes Inc. Annual Report and related financial data on its website.

Nestle, Arla, Kraft say dairy sales increased in 2013

Year-end reports from other dairies include:

Nestle’s revenues rose 2.7% to 92.2 billion Swiss francs (about $103.9 billion) in 2013. Worldwide milk and ice cream revenues rose 5.8%.
Denmark-based Arla said its 2013 revenue rose nearly 17% to 73.6 billion Danish kroner (about $13.5 billion).
• Dallas-based Dean Foods Co. said 2013 revenues declined to $9 billion.
• Last year’s revenues at Northfield, Ill.-based Kraft Foods were down slightly to $18.2 billion. Sales of cheese rose 2.5% to $3.9 billion.
Westby Cooperative Creamery, Westby, Wis., said 2013 revenues were a record $55 million.
 

Did you enjoy this article? Click here to subscribe to Dairy Foods Magazine. 
You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

Agropur, Natrel Division USA, St. Paul, Minn.

 At its Natrel Division plant in St. Paul, Minn, Agropur makes rBST-free white and flavored milk, heavy whipping cream, half n half, buttermilk, organic milk, nutritional drinks and shakes and sport drinks. Nondairy beverages (soy, rice, coconut, and almond) coffee creamers, broth and sauces. 

BehindtheScenes

This photo gallery contains additional, unpublished photos of dairy processing facilities featured in Dairy Foods magazine. To view more Behind the Scenes galleries go to our archives page!

9/23/14 2:00 pm EDT

Milk/Flavored Milk and Non-Dairy Beverages: Opportunities in the Beverage Segment

This free webinar will cover methods and ingredients available to increase protein levels, processing issues related to high-protein beverages, future ingredients and opportunities for protein fortification, adding value to milk and beverages, niche markets for high-protein milk and beverages and case studies of Core Power and Fairlife.

Frozen Desserts

What’s your preferred frozen dessert?
View Results Poll Archive

Dairy Foods Magazine

september cover

2014 September

Joseph Gallo Farms wins honors for its cheeses, sustainability practices; plus we look at what's happening with frozen desserts.

Table Of Contents Subscribe

THE DAIRY FOODS STORE

tharp-and-young-on-icecream.gif
Tharp & Young on Ice Cream: An Encyclopedic Guide to Ice Cream Science and Technology

An at once an all-inclusive guide to the meaning of hundreds of technical terms and ideas needed for ice cream manufacturing, as well as a practical introduction to the ingredients, freezing methods, flavoring, and packaging of ice cream, sherbet, sorbet, gelato, frozen yogurts, novelties and many other kinds of frozen desserts.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Dairy Foods Buyers Guide

cover df july 2013Resource for buyers in the dairy processing industry to find information on the leading suppliers and manufacturers.

Find Ingredients, Equipment, Distribution, R&D and More.

Start Your Search Today.

STAY CONNECTED

Facebook logo 40px 2-12-13 Twitter logo 40px 2-12-13  YouTube logo 40px 2-12-13  LinkedIn logo 40px 2-12-13google plus