Aurivo today announced its full-year financial results for the year ended 31 December 2022.
The company is reporting a strong and resilient performance last year in tandem with the delivery of a record milk price.
It delivered a record average milk price over the year of 61.4 cent per litre, compared to 40.7 cpl in 2021, and that’s an increase of almost 51%.
Aurivo is one of Ireland’s leading co-operatives, with businesses in Consumer Foods, Dairy Ingredients, Retail Stores, Animal Feeds, and Livestock Trading.
It employs 670 people and is a globally focused agri-business with regional, national, and international brands, and dairy ingredients exports to almost 50 countries.
Its revenues increased by 34% to €764m in 2022 , while operating profit was up by 41%.
Aurivo invested just under 20 million euro on capital expenditure in 2022 bringing Investment programme to €65.6m since 2018.