Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


May 23, 2015 12:04 AM ET

Food Products

Company Overview of Dairy Crest Group plc

Company Overview

Dairy Crest Group plc, a dairy food company, processes and sells fresh milk and branded dairy products in the United Kingdom and internationally. It offers various cheese products, including cheddar cheese under the Cathedral City, Davidstow, and Chedds brands; and butters and spreads under the Country Life, Clover, Utterly Butterly, Vitalite, and Willow brands. The company also conventional, organic, and flavoured milk under the Country Life brand; milk in bags; potted creams; milk powders and cream under the FRijj brand; and bulk and specialist dairy products. In addition, it trades in bulk dairy commodity products and specialty ingredients on behalf of other dairy companies; and skimmed m...

Claygate House

Littleworth Road

Esher,  KT10 9PN

United Kingdom

Founded in 1933

4,500 Employees

Phone:

44 13 7247 2200

Fax:

44 13 7247 2333

Key Executives for Dairy Crest Group plc

Chief Executive Officer, Head of Household, Head of Liquids, Member of Management Board, Executive Director and Member of Corporate Responsibility Committee
Age: 55
Total Annual Compensation: $941.0K
Finance Director, Management Board Member, Executive Director and Member of Corporate Responsibility Committee
Total Annual Compensation: $332.0K
Compensation as of Fiscal Year 2014.

Dairy Crest Group plc Key Developments

Dairy Crest Group plc Recommends Final Dividend Payable on August 6, 2015; Reports Consolidated Earnings Results for the Year Ended March 31, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016

Dairy Crest Group plc recommended a final dividend of 15.7 pence per share, making a full year dividend of 21.7 pence per share, up 2% from last year. This dividend is covered 1.8 times by adjusted basic earnings per share, compared to 1.9 times last year. The final dividend will be paid on August 6, 2015 to shareholders on the register on July 3, 2015. The company reported consolidated earnings results for the year ended March 31, 2015. For the year, the company reported group revenue of £1,329.8 million compared to £1,391.0 million a year ago. Profit on operations was £32.0 million compared to £64.3 million a year ago. Profit before tax was £22.1 million compared to profit before tax of £54.2 million a year ago. Profit from continuing operations was £20.5 million compared to profit from continuing operations of £48.8 million a year ago. Profit for the year attributable to the equity holders of the company was £20.5 million compared to £50.2 million a year ago. Diluted earnings per share on profit for the year were 14.9 pence against 36.4 pence a year ago. Diluted earnings per share from continuing operations were 14.9 pence against 35.3 pence a year ago. Adjusted diluted earnings per share from continuing operations were 37.7 pence against 40.3 pence a year ago. Net cash inflow from operating activities was £24.8 million against net cash outflow from operating activities of £25.7 million a year ago. Capital expenditure was £80.1 million against £58.8 million a year ago. Net debt at the end of the year was £198.7 million compared to £142.2 million a year ago. Adjusted profit before tax was £60.6 million against £65.3 million a year ago. Headline adjusted profit before tax was down by 7% at £60.6 million. For year ending March 31, 2016, the company expects capital expenditure to fall below levels of depreciation once investment in Davidstow is complete in summer 2015. The company expects net debt to fall by at least £20 million in the year ending March 31, 2016 mainly as a result of reduced capital expenditure. The company expects the effective tax rate to increase next year.

Dairy Crest Group plc, 2015 Earnings Call, May 21, 2015

Dairy Crest Group plc, 2015 Earnings Call, May 21, 2015

Dairy Crest Group plc Announces Board Appointments

Dairy Crest Group plc at its board meeting held on 6 March 2015 approved that Sue Farr is appointed a member of the Audit and Nomination Committees. Tom Atherton is appointed a member of the Corporate Responsibility Committee and Stephen Alexander is appointed Chairman of the Nomination Committee.

Similar Private Companies By Industry

Company Name Region
Meridian Salmon Farms Ltd. Europe
West Lakes Dairy Park Limited Europe
Cole's Traditional Foods Ltd. Europe
Pauls Malt Ltd. Europe
Medina Dairy Limited Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 6, 2014
Dairy Crest Group plc, Dairies Operations
Merger/Acquisition
July 30, 2014
FoodTec UK Ltd.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Dairy Crest Group plc, please visit www.dairycrest.co.uk. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.