Scoop has an Ethical Paywall
Scoop InfoPages
This InfoPage in unregistered, if this is your news page register Fonterra for InfoPages here.
Fonterra - Latest News [Page 2]
Fonterra Updates Farmgate Milk Price, Fy23 Earnings Guidance, And Brings Forward Capital Return Payment Date
Thursday, 25 May 2023, 9:17 am | Fonterra
Fonterra has today announced an opening 2023/24 season forecast Farmgate Milk Price of $7.25 to $8.75 per kgMS, with a midpoint of $8.00 per kgMS, updated its current season forecast Farmgate Milk Price, increased its full year earnings guidance, and ... More >>
Understanding And Fixing Obstacles To Fish Migration
Friday, 19 May 2023, 1:54 pm | Fonterra
An innovative project to understand, identify and remediate barriers to fish migration is taking place in the Taranaki region. The project is a collaboration between the Department of Conservation (DOC), Fonterra, the Taranaki Regional Council (TRC), ... More >>
Fonterra Taking Further Steps To Decarbonise And Lift Efficiency
Friday, 21 April 2023, 12:11 pm | Fonterra
Fonterra is continuing to progress its decarbonisation work with the announcement of another site transitioning from coal and the installation of a heat pump and solar thermal system. The Co-operative will convert its coal boilers at its Hautapu site ... More >>
Fonterra Revises FY23 Forecast Farmgate Milk Price
Monday, 3 April 2023, 9:26 am | Fonterra
Fonterra Co-operative Group Ltd today revised its 2022/23 season forecast Farmgate Milk Price range from NZ$8.20 - $8.80 per kgMS to NZ$8.00 - $8.60 per kgMS. This reduces the midpoint of the range by 20 cents from $8.50 to $8.30 per kgMS. Fonterra ... More >>
Fonterra Completes Divestment Of Chile Business
Friday, 31 March 2023, 9:53 am | Fonterra
Fonterra has today completed the sale of its Chilean Soprole business to Gloria Foods - JORB S.A. (Gloria Foods). When announced in November 2022, the sale was subject to a number of conditions, including receipt of regulatory approvals and commencement ... More >>
Fonterra Profit Up 50% In FY23 Interim Results
Thursday, 16 March 2023, 10:47 am | Fonterra
Fonterra Co-operative Group Ltd todayreleased 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 ... More >>
Fonterra Revises Fy23 Forecast Farmgate Milk Price And Collections
Friday, 24 February 2023, 9:59 am | Fonterra
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. At the same time, Fonterra ... More >>
Fonterra Provides Update On Divestment Of Soprole
Thursday, 23 February 2023, 10:16 am | Fonterra
Fonterra has today provided an update on the sale of its Chilean Soprole business to Gloria Foods - JORB S.A. (Gloria Foods). As announced in November 2022, the sale is subject to a number of conditions, including the receipt of approval from the ... More >>
Fonterra’s COO Fraser Whineray To Leave Co-op
Friday, 17 February 2023, 9:13 am | Fonterra
Fonterra today announced its Chief Operating Officer, Fraser Whineray, intends to resign from Fonterra at the end of this financial year on 31 July. Chief Executive Officer Miles Hurrell says Fraser joined Fonterra in 2020 and has made a significant ... More >>
Fonterra And Nestlé Agree Sale Of Dpa Brazil Joint Venture
Tuesday, 13 December 2022, 8:38 am | Fonterra
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 ... More >>
Fonterra Upgrades Earnings Guidance And Posts Strong First Quarter
Thursday, 8 December 2022, 9:18 am | Fonterra
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 ... More >>
Fonterra Confirms Timeline For Capital Structure Implementation
Friday, 25 November 2022, 9:30 am | Fonterra
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. The structure, which is ... More >>
Fonterra Partners With Community Foundations Of NZ To Grow Philanthropy And Funding Across Aotearoa NZ
Tuesday, 22 November 2022, 10:16 am | Fonterra
A new partnership to grow philanthropy at a grass roots level across New Zealand has been announced between Community Foundations of NZ and Fonterra. Mike Cronin, Managing Director of Co-operative Affairs at Fonterra says, “Fonterra is pleased ... More >>
Fonterra Announces Divestment Of Chile Business
Friday, 18 November 2022, 9:43 am | Fonterra
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). Fonterra CEO, Miles ... More >>
Fonterra Appoints Chief Financial Officer
Wednesday, 9 November 2022, 9:12 am | Fonterra
Today Fonterra Co-operative Group announced the appointment of Neil Beaumont to the role of Chief Financial Officer, effective early February 2023. Neil is an accomplished Group CFO, experienced in operating at the most senior levels of global and in complex ... More >>
Fonterra Announces New Sustainable Finance Framework
Monday, 17 October 2022, 10:53 am | Fonterra
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 ... More >>
Fonterra Revises Milk Collection Forecast
Friday, 14 October 2022, 3:54 pm | Fonterra
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. Fonterra last reduced its 2022/23 milk ... More >>
Fonterra Trials World First In Sustainable Electricity Storage
Wednesday, 28 September 2022, 2:52 pm | Fonterra
A new organic, low-cost, safe, sustainable and long-life battery being trialled by Fonterra, could support greater energy security and distributed electricity generation for New Zealand. PolyJoule, a Massachusetts Institute of Technology (MIT) spin-off, ... More >>
Fonterra Announces FY22 Annual Results
Thursday, 22 September 2022, 8:40 am | Fonterra
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. More >>
Fonterra Lifts 2023 Earnings Guidance And Revises Milk Collections
Friday, 9 September 2022, 9:40 am | Fonterra
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. It has also revised its forecast milk collections for the 2022/23 season down from ... More >>
