SAVENCIA

2023 annual sales - Seite 2

Cheese Products sales rose by +8% like-for-like. This increase reflects on the one hand, price adjustments in all markets to cope with high inflation. On the other hand, it benefited from volumes that remained solid despite tensions on purchasing power, which tensions may have encouraged local consumption of more affordable offers, illustrating in this context, the strength of Savencia's specialties model.

Sales of Other Dairy Products rose by +17%. This increase was driven by a very good volume performance in some countries, notably the recovery in foodservice, and by price effects on part of the portfolio, which offset the negative effect of worldwide falling industrial product prices in 2023.

Corporate Social Responsibility

In a still complex 2023 economic climate, the Group continued to roll out its social and environmental initiatives throughout the year. This commitment was decisive in reducing water consumption and greenhouse gas (GHG) emissions, thanks to sobriety plans. In the same spirit, Savencia obtained SBTi (Science Based Target initiatives) validation for its decarbonization trajectory (well below 2°) for its scopes 1, 2 and 3.

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Consolidated data in €M	YTD Sept.	YTD Sept.	In %	Trim 4.	Trim 4.	In %	YTD Dec.	YTD Dec.	In %
	2023	2022		2023	2022		2023	2022
SALES	5 017	4 711	6.5	1 773	1 841	-3.7	6 791	6 551	3.7
- Cheese Products	2 905	2 696	7.8	1 174	1 125	4,3	4 079	3 821	6.8
- Other Dairy Products	2 272	2 161	5.1	651	768	-15,2	2 923	2 928	-0.2
- Unallocated (Intra-Group transactions)	-160	-146	9.4	-51	-52	-1,2	-211	-198	6.6

The next publication will take place on 07 March 2024