• Media Releases

Media releases

24-hour media line: +64 21 507 072
Email: communications@fonterra.com

Finance

Fonterra and Nestlé agree sale of DPA Brazil joint venture

Fonterra and Nestlé today agreed the sale of their Dairy Partners Americas (DPA) Brazil joint venture to French dairy company Lactalis for BRL 700m (approximately NZD $210m subject to closing transaction adjustments). The deal is expected to be completed by mid-2023, subject to regulatory authority approvals.

December 13, 2022

Finance

Fonterra upgrades earnings guidance and posts strong first quarter 

Fonterra Co-operative Group Ltd today upgraded its earnings guidance to 50 – 70 cents per share from 45 - 60 cents per share and lowered and narrowed its forecast Farmgate Milk Price range of $8.50 - $10.00 per kgMS to $8.50 - $ 9.50 per kgMS, with a midpoint of $9.00 while holding its advance rate. It also reported a strong start to the 2023 financial year.

December 08, 2022

Finance

Fonterra confirms timeline for Capital Structure implementation 

Fonterra can today confirm that its new Flexible Shareholding capital structure is set to be implemented in late March 2023, subject to the Board being satisfied that the relevant preparations are completed before then.

November 25, 2022

Finance

Fonterra announces divestment of Chile business

Fonterra is pleased to announce the divestment of its Chilean Soprole business. The divestment comprises a number of transactions that result in aggregate consideration of 591.07 billion Chilean Pesos (approximately NZD1.055 billion).

November 18, 2022

Finance

Fonterra appoints Chief Financial Officer

Today Fonterra Co-operative Group announced the appointment of Neil Beaumont to the role of Chief Financial Officer, effective early February 2023.

November 09, 2022

Finance

Fonterra announces new Sustainable Finance Framework

As part of Fonterra's commitment to sustainability and implementation of its strategy, the Co-operative has today released its Sustainable Finance Framework (Framework). This Framework aligns Fonterra’s funding strategy with its sustainability ambitions and reflects the evolving preferences of lenders and debt investors in this area.

October 17, 2022

Finance

Fonterra revises milk collection forecast

Fonterra Co-operative Group Limited today revised the forecast for its 2022/23 New Zealand milk collections to 1,480 million kilograms of milk solids (kgMS), down from its previous forecast of 1,495 million kgMS.

October 14, 2022

Finance

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.

September 22, 2022

Finance

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.

September 09, 2022