Fonterra Financial Overview
Australia
million
2021
2022
%A¹
Milk collections (kgMS)
69
68
(2)%
Sales volume² ('000 MT)
174
172
(1)%
Revenue ($)
899
916
2%
·
Gross profit ($)
103
137
33%
.
Gross margin (%)
11.5%
15.0%
Operating expenses ($)
(68)
(79) (16)%
Other³ ($)
(3)
1
Normalised EBIT ($)
32
32
59
84%
Note: Figures are for the six months ended 31 January and are on a normalised continuing operations basis.
This table was prepared exclusive of Group Operations attribution
1. Percentages as shown in table may not align to the calculation of percentages based on numbers in the
table due to rounding of figures
2. Includes sales to other segments
3. Consists of other operating income and net foreign exchange gains/(losses)
Fonterra
Dairy for life
Lower sales volumes due to lower milk collections as a result of
reduced herd sizes and weather impacting on-farm conditions
Gross profit and EBIT increased due to:
○ Ingredients channel achieving higher product prices and
benefiting from a weaker Australian dollar
o Stable Consumer and Foodservice channels due to our
in-market sales prices reflecting the rising input costs
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