Thise Dairy has released its annual financial results, which CEO Per Godsk describes in a press release as “a balanced result, but in many ways also a minimum result”.

The year’s financial performance and key figures were generally deemed satisfactory and were approved at the general meeting on March 18 at Thise Forsamlingshus.

The result aligns with budgeted expectations, though it is slightly lower than the 2023 profit of DKK 31.4 million. Revenue reached DKK 1.481 billion, continuing a slight upward trend seen in previous years. This growth is attributed to a higher level of activity, changes in market distribution and customer mix, as well as fluctuations in milk prices.

Despite significant shifts in milk prices over the past three years, the dairy’s earnings per kilogram of standard milk remained nearly unchanged from 2023, landing at 440 øre per kg.

• It is a balanced result, but in many ways also a minimum result, as we must ensure a competitive final payment—an integral part of the total milk price for our cooperative members—while also maintaining reasonable consolidation of the dairy, says CEO Per Godsk.
• However, we also received a wake-up call during the presentation of our expectations for 2025. The dairy’s competitiveness, measured by the organic milk price and its premium over conventional dairy farmers, is under pressure. This presents us with a clear task for 2025—to improve on our 2024 performance, he emphasizes.

Read more and view the key figures in Thise Dairy’s press release, issued via Ritzau here.

Photo: Thise Dairy