Newspaper article The Journal (Newcastle, England)

Dairy Crest Utterly Confident of Figures

Newspaper article The Journal (Newcastle, England)

Dairy Crest Utterly Confident of Figures

Article excerpt

Britain's biggest dairy firm Dairy Crest has pledged to meet expectations on full-year results after overcoming an "extremely competitive" market.

The group, which makes St Ivel Gold and Country Life butter, said it had traded well in the year, with products such as Cathedral City gaining market share.

Milk sales were hit by the tough retail environment and higher fuel and plastic costs but this had already been flagged up by the company.

Chief executive Drummond Hall said: "Despite an extremely competitive environment, this has been another solid year of trading for Dairy Crest and we expect results to be in line with expectations."

Talks were continuing with customers in an effort to gain new business to replace a Tesco milk contract due to run out next month.

Dairy Crest said key brands such as Utterly Butterly, St Ivel Gold and Country Life had all achieved year-on-year sales growth. As expected, volumes were affected by the retail trend away from price promotions and towards "everyday low pricing". …

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