Media releases

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

Global

Fonterra Completes Divestment of Chile Business

Fonterra has today completed the sale of its Chilean Soprole business to Gloria Foods - JORB S.A. (Gloria Foods).

March 31, 2023

Global

Fonterra profit up 50% in FY23 Interim Results

Fonterra Co-operative Group Ltd today released its 2023 Interim Results which show the Co-op has delivered a half year Profit After Tax of $546 million, an earnings per share of 33 cents, and a decision to pay an interim dividend of 10 cents per share alongside a forecast Farmgate Milk Price range of $8.20 - $8.80 per kgMS.

March 16, 2023

Global

Fonterra revises FY23 forecast Farmgate Milk Price and collections

Fonterra Co-operative Group Ltd today reduced and narrowed its 2022/23 season forecast Farmgate Milk Price range from $8.50 - $9.50 per kgMS, with a midpoint of $9.00, to NZ$8.20 - $8.80 per kgMS, with a midpoint of $8.50.

February 24, 2023

Global

Fonterra provides update on divestment of Soprole

Fonterra has today provided an update on the sale of its Chilean Soprole business to Gloria Foods - JORB S.A. (Gloria Foods).

February 23, 2023

Global

Fonterra’s COO Fraser Whineray to leave Co-op

Fonterra today announced its Chief Operating Officer, Fraser Whineray, intends to resign from Fonterra at the end of this financial year on 31 July.

February 17, 2023

Global

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

Global

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

Global

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

Global

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