Media releases

Fonterra Co-operative Group Limited today announced its 2021 Interim Results and they show the Co-operative has had a positive first half, resulting in a Total Group normalised EBIT of $684 million, normalised Profit After Tax of $418 million and a decision to pay an interim dividend of 5 cents alongside a strong forecast Farmgate Milk Price.

Fonterra Co-operative Group Limited today lifted its 2020/21 forecast Farmgate Milk Price range to NZD $7.30 - $7.90 per kgMS, up from NZD $6.90 - $7.50 per kgMS.

Fonterra Co-operative Group Limited today announced it has lifted the bottom end of its 2021 forecast earnings guidance and narrowed the range to 25-35 cents per share, from 20-35 cents per share.

Fonterra has released the details of how it will pay farmers for producing sustainable, high quality milk as part of The Co-operative Difference framework.

Fonterra Co-operative Group Limited today lifted its 2020/21 forecast Farmgate Milk Price range to NZD $6.90 - $7.50 per kgMS, up from NZD $6.70 - $7.30 per kgMS.

Fonterra Co-operative Group Limited today narrowed its 2020/21 forecast Farmgate Milk Price range, reported a solid start to the 2021 financial year and reconfirmed its forecast earnings guidance.

Fonterra has achieved its most encouraging sustainability results since starting its annual reporting four years ago, but the Co-op is staying focused on what still needs to be done to reach its long-term targets.

Fonterra Co-operative Group Limited today increased the mid-point of its forecast Farmgate Milk Price range to $6.80 per kgMS, up from $6.40 per kgMS, while retaining its current +/-50c per kgMS range.

Annual Results Summary: Final cash payout for 2019/20 season: $7.19 per kgMS, Final 2019/20 Farmgate Milk Price: $7.14 per kgMS, 2019/20 dividend: 5 cents per share