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Fonterra - Latest News [Page 3]
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 >>
Fonterra Launches Wellbeing Nutrition Solutions Brand
Wednesday, 7 September 2022, 10:21 am | Fonterra
Fonterra is taking another step in implementing its strategy to be a leader in nutrition science and innovation with the launch of a new wellbeing solution brand, Nutiani. The new business-to-business brand is targeted at both the multi-billion-dollar medical ... More >>
Fonterra Provides Milk Price Update
Friday, 26 August 2022, 10:54 am | Fonterra
Fonterra today revised its 2022/23 forecast Farmgate Milk Price range from NZ$8.75-$10.25 per kgMS to NZ$8.50-$10.00 per kgMS. This reduces the midpoint of the range from NZ$9.50 to NZ$9.25 per kgMS, however the current advance payment rate of NZ$5.70 ... More >>
Fonterra Ramps Up Opportunities In Complementary Nutrition Partnership
Thursday, 25 August 2022, 10:10 am | Fonterra
Fonterra and Royal DSM, a global purpose-led company in health, nutrition and bioscience, are establishing a new start-up company to accelerate the development and commercialisation of fermentation-derived proteins with dairy-like properties. The start-up is a next ... More >>
Fonterra Announces Another Major Step In Low Carbon Transition
Thursday, 4 August 2022, 1:14 pm | Fonterra
Fonterra is taking another step towards its low carbon transition with its Waitoa site in the Waikato planning to install a 30 megawatt wood biomass boiler to replace a coal boiler. Together with Te Tumuaki o Te Kīngitanga and local iwi Ngāti Hauā, ... More >>
Fonterra To Close Brightwater Milk Powder Plant
Monday, 1 August 2022, 2:08 pm | Fonterra
Fonterra has today announced it will be closing the milk powder plant at its Brightwater site near Nelson in April 2023. However, milk collection and associated activities will continue at Brightwater as Fonterra moves its milk transfer activities there ... More >>
Fonterra Appoints New Managing Director Strategy And Optimisation
Tuesday, 26 July 2022, 1:05 pm | Fonterra
Fonterra is pleased to appoint Emma Parsons as its Managing Director Strategy and Optimisation, effective from 1 August 2022. The newly developed role will have ownership and oversee the implementation of Fonterra’s strategy and plans to achieve Fonterra’s ... More >>
Fonterra Welcomes Milk-e, New Zealand’s First Electric Milk Tanker
Monday, 18 July 2022, 2:24 pm | Fonterra
New Zealand’s first electric milk tanker, Milk-E, has been officially launched by the Minister for Energy and Resources, Hon. Dr Megan Woods, in Morrinsville. <img src="https://img.scoop.co.nz/stories/images/2207/8083df2f50bed25c2634.jpeg" ... More >>
Donna Smit To Retire From Fonterra Board
Friday, 15 July 2022, 8:57 am | Fonterra
Long serving Fonterra Director Donna Smit has confirmed she will retire from the Fonterra Board when her current three-year term ends at the Co-operative’s Annual Meeting on 10 November 2022. Smit was first elected to the Fonterra Board by her ... More >>
Fonterra, NZX And EEX Confirm GDT Strategic Partnership
Thursday, 30 June 2022, 11:19 am | Fonterra
Fonterra today confirms the finalisation of the strategic partnership with New Zealand’s Exchange (NZX) and the European Energy Exchange (EEX) to each take ownership stakes in Global Dairy Trade (GDT) alongside the Co-op. As announced in February 2022, the ... More >>
Fonterra Provides Milk Price, Performance, And Strategy Update
Thursday, 23 June 2022, 8:37 am | Fonterra
Fonterra today lifted its 2022/23 forecast Farmgate Milk Price range to NZ$8.75-$10.25 per kgMS, up from NZ$8.25-$9.75 per kgMS. This increases the midpoint of the range, which farmers are paid off, by 50 cents to $9.50 per kgMS. More >>
