Media Releases

Email: communications@fonterra.com

Finance

Fonterra announces FY23 Annual Results, strong full year dividend

Fonterra today announced its results for the financial year ending 31 July 2023, with full year reported earnings of 95 cents per share, reported profit after tax of $1.6 billion and a final 2022/23 season Farmgate Milk Price of $8.22 per kgMS.

September 21, 2023

New Zealand

Fonterra revises FY24 Forecast Farmgate Milk Price

Fonterra Co-operative Group Ltd today reduced its 2023/24 season forecast Farmgate Milk Price range from $7.25 - $8.75 per kgMS, with a midpoint of $8.00 per kgMS, to $6.25 - $7.75 per kgMS, with a midpoint of $7.00 per kgMS.

August 04, 2023

New Zealand

Fonterra increases emissions reduction ambitions

Fonterra has today announced a lift in its decarbonisation ambition with a new Scope 1&2 emissions reduction target which will be achieved by bringing forward some if its work to get out of coal.

July 20, 2023

Finance

Fonterra launches new nutrition science venture arm; announces first investment

Fonterra has today announced a new corporate ventures arm to incubate, scale and invest in ventures in the area of nutrition science.

June 09, 2023

People

Acting Fonterra COO announced

Fonterra has today announced Anna Palairet as acting Chief Operating Officer (COO) to replace current COO Fraser Whineray who is leaving the Co-op next month.

June 01, 2023

Finance

Fonterra updates Farmgate Milk Price, FY23 earnings guidance, and brings forward capital return payment date

Fonterra has today announced an opening 2023/24 season forecast Farmgate Milk Price of $7.25 to $8.75 per kgMS, with a midpoint of $8.00 per kgMS, updated its current season forecast Farmgate Milk Price, increased its full year earnings guidance, and brought forward the payment date of its proposed capital return. 

May 25, 2023

Finance

Fonterra revises FY23 forecast Farmgate Milk Price 

Fonterra Co-operative Group Ltd today revised its 2022/23 season forecast Farmgate Milk Price range from NZ$8.20 - $8.80 per kgMS to NZ$8.00 - $8.60 per kgMS.

April 03, 2023

Finance

Fonterra Completes Divestment of Chile Business

Fonterra has today completed the sale of its Chilean Soprole business to Gloria Foods - JORB S.A. (Gloria Foods).

March 31, 2023

Finance

Fonterra profit up 50% in FY23 Interim Results

Fonterra Co-operative Group Ltd today released its 2023 Interim Results which show the Co-op has delivered a half year Profit After Tax of $546 million, an earnings per share of 33 cents, and a decision to pay an interim dividend of 10 cents per share alongside a forecast Farmgate Milk Price range of $8.20 - $8.80 per kgMS.

March 16, 2023