Dairy Crest - Nuneaton Investor Day- Plain FMCG Talk
Dairy Crest’s (DCG LN, HOLD, T/P 630p), Nuneaton investor day – held on 19th September immediately after its 18th September trading statement - significantly confirmed the benefits of its decision to dispose of its dairy activities, which left the company on 26th December 2015. Not only did the transaction raise group margins from 5% to 16% but also it enabled Dairy Crest to operate fully as a branded FMCG company.Opening presentational comments in relation to Dairy Crest’s trading statement confirmed that the company’s company’s chief food brands – Cathedral City, Clover, Country Life and FryLight – were positive in aggregate in both volume and value terms in H1. However, butters & spreads brand Country Life’s performance was negative within the mix.
Dairy Crest Group is a dairy company. Co. processes and markets dairy products and ingredients. Co.'s product groups are: Cheese & functional ingredients and Butters, spreads & oils. Within its Cheese & functional ingredients segment, Co. produces and markets Cathedral City cheese brand, and Davidstow cheddar brand. Co.'s functional ingredients business produces and sells demineralised whey powder and galacto-oligosaccharide and other dairy ingredients including whey butter. Within its Butters, spreads & oils segment, Co. manufactures a number of butters, spreads & oil brands, which include Country Life (butter) and Clover (spread). Co. also produces Frylight, a one calorie cooking spray.
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
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