Müller Reports £65.3M Loss Despite £100M Sales Boost

Strong Sales Growth Despite Reported Loss

Müller Reports Sales Boost following a significant increase of £100 million in sales, rising from £2.33 billion to £2.43 billion. Despite this positive growth, the company reported a £65.3 million pre-tax loss for 2023.

Factors Contributing to the Loss

The reported loss resulted from a one-time financial impact tied to the company’s divestment from its Milk & More business. Additionally, Müller faced an impairment loss on investment, further affecting overall results. Excluding these losses, Müller reported a net profit for the year.

Positive Business Performance

Müller emphasized that its core businesses performed strongly. Müller Milk & Ingredients and Müller Yogurt & Desserts (MYD) continue to thrive. The company attributes its success to:

• Enhanced operational networks
• A diverse product portfolio
• Strong partnerships with retailers and farmers
• A robust sustainability plan

Strategic Growth and Acquisitions

In a strategic move, Müller secured approval from the Competition and Markets Authority (CMA) to acquire Yew Tree Dairy. This acquisition strengthens Müller’s fresh milk and cream production capabilities in West Lancashire.

Future Outlook

Müller Reports Sales Boost as it remains confident about its long-term growth strategy. The company plans to focus on quality, service, and resilience to drive future success.

Explore More

For the latest updates and insights, explore more news on this website.