Müller UK & Ireland Group has reported a 0.9% increase in revenue to £1.916.8bn for the 2020 calendar year, with Müller Yogurt & Dessert revenue down 4% to £378.2m (mainly due to a decline in sales of the Müllerlight brand “which has had a difficult year”), while Milk & Ingredients revenue rose 2.2% to £1.532.5bn and Rendering Services revenue increased 15% to £6.1m. The business returned to profit in 2020, with operating losses of £73.1m in 2019 turning into profits of £17.2m. Net losses before tax of £76.1 million in the previous year were replaced by profits of £16.5 million. Net working capital increased by 66% to £68.3m.
Date: 08.09.2021Source: Müller UK & Ireland