MLK Foods Public Co Ltd 2013 AR2
The report highlights Milkiland's operations and financial performance for the fiscal year 2013, during which the Group achieved a 19% revenue growth to approximately EUR 341 million. Despite top-line growth, the company faced bottom-line challenges due to a sharp rise in raw milk prices, resulting in a 10% decline in EBITDA to EUR 33.4 million. To mitigate raw milk price volatility, Milkiland continued its vertical integration strategy by launching its first modern dairy farm and supporting the Moloko-Kraina cooperative. Additionally, the Group expanded its geographic footprint by modernizing its Polish subsidiary, Ostrowia, and acquiring the production assets of Syrodel in Russia.
Company: MLK Foods Public Co Ltd
Sector: Manufacturing
Country: Cyprus
Year: 2013
Type: AR2
Pages: 107
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MLK Foods Public Co Ltd
Annual Report
The report highlights Milkiland's operations and financial performance for the fiscal year 2013, during which the Group achieved a 19% revenue growth to approximately EUR 341 million. Despite top-line growth, the company faced bottom-line challenges due to a sharp rise in raw milk prices, resulting in a 10% decline in EBITDA to EUR 33.4 million. To mitigate raw milk price volatility, Milkiland continued its vertical integration strategy by launching its first modern dairy farm and supporting the Moloko-Kraina cooperative. Additionally, the Group expanded its geographic footprint by modernizing its Polish subsidiary, Ostrowia, and acquiring the production assets of Syrodel in Russia.
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Document Details
Report Year
2013
Reporting Period
Jan 1, 2013 - Dec 31, 2013
Fiscal Year
2013
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees