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Fonterra - Latest News [Page 2]
Fonterra Announces Climate Plans For The Future
Thursday, 9 November 2023, 10:53 am | Fonterra
Fonterra has taken a significant step towards achieving its climate ambitions today with the announcement of an on-farm emissions reduction target, and release of a Climate Roadmap and voluntary Climate-related Disclosure report. The Co-operative ... More >>
Fonterra And Nestlé Complete Sale Of DPA Brazil
Wednesday, 1 November 2023, 2:36 pm | Fonterra
Fonterra Co-operative Group Ltd can today confirm that the sale of Fonterra and Nestlé’s Dairy Partners Americas (DPA) Brazil joint venture* (JV) to French dairy company Lactalis is complete. Fonterra CEO Miles Hurrell says when the Co-op announced ... More >>
Fonterra CFO Neil Beaumont To Leave Co-op
Tuesday, 31 October 2023, 3:02 pm | Fonterra
Fonterra has today announced that Chief Financial Officer Neil Beaumont is leaving the Co-operative. Simon Till, who has most recently held the role of Fonterra’s Director Capital Markets, will take up the position of acting Chief Financial Officer ... More >>
Fonterra Revises FY24 Forecast Farmgate Milk Price
Monday, 9 October 2023, 9:23 am | Fonterra
Fonterra Co-operative Group Ltd today raised the 2023/24 season forecast Farmgate Milk Price range to $6.50 - $8.00 per kgMS, with a new midpoint of $7.25 per kgMS, up 50 cents. Fonterra CEO Miles Hurrell says the improved outlook reflects both supply ... More >>
Fonterra Announces FY23 Annual Results, Strong Full Year Dividend
Thursday, 21 September 2023, 10:27 am | Fonterra
Fonterra today announced its results for the financial year ending 31 July 2023, with full year reported earnings of 95 cents per share, reported profit after tax of $1.6 billion and a final 2022/23 season Farmgate Milk Price of $8.22 per kgMS. More >>
Fonterra Revises Fy24 Forecast Farmgate Milk Price
Friday, 18 August 2023, 9:51 am | Fonterra
Fonterra Co-operative Group has today reduced its 2023/24 season forecast Farmgate Milk Price range from $6.25 - $7.75 per kgMS, with a midpoint of $7.00 per kgMS, to $6.00 - $7.50 per kgMS with a midpoint of $6.75 per kgMS. Fonterra CEO Miles Hurrell ... More >>
Fonterra Updates Fy23 Earnings Guidance
Friday, 11 August 2023, 9:18 am | Fonterra
Fonterra Co-operative Group has today provided an update on its forecast normalised earnings for FY23 and full year dividend. CEO Miles Hurrell says while the Co-op is still in the process of finalising and having its FY23 numbers audited, it expects ... More >>
Fonterra Revises FY24 Forecast Farmgate Milk Price
Friday, 4 August 2023, 10:54 am | Fonterra
Fonterra Co-operative Group Ltd today reduced its 2023/24 season forecast Farmgate Milk Price range from $7.25 - $8.75 per kgMS, with a midpoint of $8.00 per kgMS, to $6.25 - $7.75 per kgMS, with a midpoint of $7.00 per kgMS. Fonterra CEO Miles ... More >>
Fonterra Increases Emissions Reduction Ambitions
Thursday, 20 July 2023, 6:54 am | Fonterra
Fonterra has today announced a lift in its decarbonisation ambition with a new Scope 1&2 emissions reduction target which will be achieved by bringing forward some of its work to get out of coal. Fonterra CEO Miles Hurrell says the Co-op is ... More >>
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 >>
