Fonterra Releases Strong Half Year Results Underpinned by Stronger Margins and Volumes
Fonterra Releases Strong Half Year Results Underpinned by Stronger Margins and Volumes
New Zealand's Fonterra Co-operative Group and its farmers and cows have had a great six months to the end of last December with a 23% lift in earnings..
截至去年12月底，新西蘭恒天然合作集團及其農民和奶牛的六個月表現良好，收益增長了23％。
The group said the reported profit after tax rose strongly to $NZ674 million, compared with $NZ546 million in the December, 2022 half year.
該集團表示，報告的稅後利潤強勁增長至6.74億新西蘭元，而2022年12月半年爲5.46億新西蘭元。
Fonterra said it was helped by a combination of higher volumes and fatter margins in some areas, as well as lower associated costs in some of its major markets.
恒天然表示，這得益於某些領域的銷量增加和利潤率的提高，以及一些主要市場的相關成本降低。
The group lifted its interim dividend 50% to 15 NZ cents from 10 cents in the previous first half.
該集團將中期股息從上半年的10美分上調了50％，至15新西蘭分。
The Co-op also upgraded its full year forecast normalised earnings from 50-70 cents per share to 55-75 cents per share and announced a proposed tax free capital return to farmer owners and unit holders of around 50 cents per share, subject to completion of the sale of its Soprole business in Chile.
該合作社還將其全年預期的正常收益從每股50-70美分上調至每股55-75美分，並宣佈向農民所有者和單位持有人提供每股約50美分的免稅資本回報，前提是其在智利的Soprole業務出售完畢。
As expected, Fonterra narrowed its current milk price forecast to $NZ7.50 per kg of milksolids to $NZ8.10, keeping the mid-point unchanged at $NZ7.80.
正如預期的那樣，恒天然將其目前的牛奶價格預測縮小至每千克固體牛奶7.50新西蘭元至8.10新西蘭元，中點維持在7.80新西蘭元不變。
"While supply and demand dynamics remain finely balanced, with continuing global uncertainty, we are now well progressed through the season," CEO Miles Hurrell said in Thursday's stock exchange release.
首席執行官邁爾斯·赫雷爾在週四的證券交易所新聞稿中表示：“儘管供需動態保持微妙的平衡，全球不確定性仍然存在，但我們現在在本賽季中進展順利。”
"This lift in earnings is thanks to our Co-op's scale and ability to move our farmer owners' milk into products and markets where we're seeing favourable prices.
“收益的增長歸功於我們合作社的規模以及將農民所有者的牛奶輸送到價格優惠的產品和市場的能力。
"With whole milk powder prices down, we moved more milk into skim milk powder and cream products to optimise our Farmgate Milk Price.
“隨着全脂奶粉價格的下降，我們將更多的牛奶轉移到脫脂奶粉和奶油產品中，以優化我們的Farmgate牛奶價格。
"We also made the most of favourable margins in our cheese and protein portfolios, by moving a higher proportion of current season milk into these products which has benefited our earnings.
“我們還在我們的奶酪和蛋白質產品組合中獲得了最有利的利潤，將當季牛奶的比例提高到這些產品中，這使我們的收益受益。
"Our ability to capture these higher margins is reflected in our Ingredients channel performance, with normalised EBIT up $NZ494 million, or 118%, on the same time last year to $NZ911 million.
“我們獲得更高利潤的能力反映在我們的原料渠道表現上，正常息稅前利潤與去年同期相比增長了4.94億新西蘭元，增長了118％，達到9.11億新西蘭元。
"Our Consumer and Foodservice channels benefited from improved in-market prices, with Foodservice normalised EBIT up $NZ81 million, or 95%, to $NZ166 million. However, higher input costs and ongoing pressure on margins have impacted overall Consumer channel performance.
“我們的消費者和餐飲服務渠道受益於市場價格的改善，餐飲服務正常息稅前利潤增長了8,100萬新西蘭元，增長了95％，至1.66億新西蘭元。但是，更高的投入成本和持續的利潤壓力影響了整體消費者渠道的表現。
"Our domestic consumer business, Fonterra Brands New Zealand (FBNZ), has been under margin pressure for some time and is not improving as fast as planned. Performance of our Asia consumer brands has been impacted by weakening currency in the markets they operate, higher interest rates and a declining economic environment in some South East Asian markets.
“一段時間以來，我們的國內消費業務新西蘭恒天然品牌（FBNZ）一直面臨利潤壓力，而且增長速度沒有計劃那麼快。我們的亞洲消費品牌的表現受到其運營市場貨幣疲軟、利率上升以及一些東南亞市場經濟環境惡化的影響。
"For these reasons, we have revised down the valuation of FBNZ by $NZ92 million and our Asia consumer brands Anlene, Chesdale and Anmum by $NZ70 million.
“出於這些原因，我們將FBNZ的估值下調了9200萬新西蘭元，將我們的亞洲消費品牌Anlene、Chesdale和Anmum的估值下調了7,000萬新西蘭元。
"As a result of market conditions and the impact of impairments, our overall Consumer channel normalised EBIT is down $NZ177 million to a loss of $NZ94 million.
“由於市場狀況和減值的影響，我們的整個消費者渠道正常化息稅前利潤下降了1.77億新西蘭元，至虧損9400萬新西蘭元。
譯文內容由第三人軟體翻譯。