Savencia Fromage & Dairy posted sales of 1.67 billion euros to March 31, 2023, up 14.7% on the first quarter of the previous year, driven by organic growth of 17.6%.

On a like-for-like basis, sales of cheese products were up 13.6% thanks to the partial passing-on of inflation in prices, while sales of other dairy products were up 23.2%.

While performance at the start of the year is in line with that at the end of the previous financial year, Savencia warns that the uncertainties linked to the environment do not provide visibility for 2023.

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