Media Releases

Fonterra Co-operative Group Limited today gave an update on its strategy review and shared timeframes for turning around the Co-op’s performance. At the same time, it announced its third-quarter business update, revised forecast earnings range, narrowed the range for its 2018/19 forecast Farmgate Milk Price, and gave an opening forecast Farmgate Milk Price range for the 2019/20 season.

In line with key themes emerging from its new strategy, Fonterra today announced details of its new approach to sustainability on farm. 

Fonterra Co-operative Group Limited today announced its 2019 Interim Results which show the Co-op has returned to profitability with a Net Profit After Tax (NPAT) of $80 million, but normalised Earnings Before Interest and Tax (EBIT) are down 29% on the same period last year to $323 million.

Fonterra Co-operative Group (FCG) has announced the permanent appointment of Miles Hurrell as its Chief Executive Officer (CEO), with immediate effect.

Fonterra Co-operative Group Limited has increased its 2018/19 forecast Farmgate Milk Price range to $6.30-$6.60 per kgMS, up from $6.00-$6.30, and revised its forecast earnings down to 15-25 cents per share.