Carbery Group reports solid performance in 2018
In a year which saw a solid financial performance, turnover increased by 1.5% to €423.5 million, while operating profit also grew to €32.4 million, an increase of 4.5%. Each of our Group businesses; Dairy, Taste and Nutrition, performed in line with our expectations, allowing us to continue to pay a leading milk price to our shareholders, while also extending support payments for longer periods to support farmers through the severe weather conditions at the start of 2018.
The Group, which is about to enter a significant period of expansion and investment, has committed to investing a €100 million in the business over the next two years, as it seeks to diversify and grow its business internationally. €78 million of this investment has been set aside for a new manufacturing facility at the Ballineen site.
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