Savencia's 2024 Sales: A Tale of Resilience and Growth

In the dynamic dairy industry, Savencia Fromage & Dairy has demonstrated remarkable resilience and growth in 2024, despite the challenging economic context marked by high inflation in milk prices, particularly in France. The company's consolidated sales as of December 31, 2024, increased by +5.1% compared to the previous year, driven by a strong performance in the Other Dairy Products segment.



The Group's organic growth stood at +3.1%, with Other Dairy Products leading the charge with a robust progression of +7.8%. This growth was fueled by positive dynamics in international markets, the development of activities in Europe, and a favorable price effect, particularly in the second half of the year. The currency effect contributed slightly positively at +0.9%, while the structural effect related to the integration of Williner in Argentina added +1.1% to the reported growth.

At constant scope and exchange rates, Cheese Products' sales remained stable, with a slight organic growth of +0.5% excluding the exchange rate effect. This near stability can be attributed to a favorable price/mix effect, which offset the decrease in volumes due to the inflationary consumption context. The company's ability to maintain stability in Cheese Products sales, despite the challenging environment, is a testament to its strategic focus on developing a unique specialty model in a context of very high milk prices.

Savencia's commitment to reducing water consumption and Greenhouse Gas (GHG) emissions, as well as its pursuit of decarbonization trajectories, has contributed to its long-term sustainability and resilience. The partnership signed in France with Agrial Cooperative in October 2024 demonstrates the company's commitment to significantly improving the environmental footprint of upstream dairy within a value chain logic. In social matters, the Savencia Group continued its efforts in supporting its employees, recognized by the "TOP EMPLOYER" Europe certification, as well as in 17 other countries, with 90% of Savencia Group employees now working in Top Employer certified countries.

In conclusion, Savencia Fromage & Dairy's 2024 sales performance is a testament to the company's strategic focus on organic growth, acquisitions, and sustainability. Despite the challenging economic context, the company has demonstrated remarkable resilience and growth, driven by the strong performance of the Other Dairy Products segment and the stability of Cheese Products sales. As the company continues to invest in its global performance model and pursue its projects in both the social and environmental fields, it is well-positioned to maintain its growth trajectory in the long term.