Fonterra Announces FY22 Annual Results
Fonterra today announced a strong set of results for the financial year ending 31 July 2022, reflecting a 2021/22 Farmgate Milk Price of NZ$9.30 per kgMS and normalised profit after tax of NZ$591 million.
Fonterra lifts 2023 earnings guidance and revises milk collections
Fonterra Co-operative Group Limited today announced it has revised its 2023 forecast earnings guidance to 45 to 60 cents per share, up from 30 to 45 cents per share.
Fonterra ramps up opportunities in complementary nutrition partnership
Fonterra and Royal DSM, a global purpose-led science-based leader in health and nutrition, are establishing a new start-up company to accelerate the development and commercialisation of fermentation-derived proteins with dairy-like properties.
Acting CFO Announced
Fonterra today announced that Chris Rowe will become its Acting Chief Financial Officer (CFO) to replace current CFO Marc Rivers who is leaving the Co-op at the end of 2022.
Fonterra provides update to FY22 earnings guidance
Fonterra has today provided an update to its earnings guidance for the 2022 financial year that ended on 31 July 2022, indicating that it will be towards the top end of its current guidance of 25 – 35 cents per share.
Fonterra appoints new Managing Director Strategy and Optimisation
Fonterra is pleased to appoint Emma Parsons as its Managing Director Strategy and Optimisation, effective from 1st August 2022.
Fonterra welcome Milk-E, New Zealand's first electric milk tanker
New Zealand’s first electric milk tanker, Milk-E, has been officially launched by the Minister for Energy and Resources, Hon. Dr Megan Woods, in Morrinsville.
Donna Smit to retire from Fonterra Board
Long serving Fonterra Director Donna Smit has confirmed she will retire from the Fonterra Board when her current three-year term ends at the Co-operative’s Annual Meeting on 10 November 2022
Fonterra acknowledges the outcome of the NZ-EU FTA
Fonterra acknowledges the hard work of the New Zealand negotiators to conclude the NZ-EU FTA and the outcomes for other New Zealand export sectors.