Do you struggle with data latency and lack of foresights as competitors file their full year results up to 1.5 years after the closing of the book year? We have a solution! Leverage Earnings Updates from direct competitors or system players in your industry. This way, you can be on top of the most recent trends and developments and anticipate future performance on your competitors and industry.
So, how did the dairy industry perform in Q3 2024?
🟢 Revenue growth: Revenue performance was robust in Q3 2024, fueled by demand for health-focused and functional products in North America, Asia, and emerging markets. Companies like Danone and Kerry demonstrated strong volume-driven growth, emphasizing the importance of strategic pricing and innovation.
🟡 Profitability: Profit margins showed mixed results, with operational efficiencies driving stability in some cases, but rising input costs and inflationary pressures offsetting gains. Companies such as Oatly narrowed EBITDA losses, while others faced challenges from commodity volatility.
🟡 Market dynamics: The market faced diverse conditions, with strong demand for health and protein solutions globally but sluggish growth in Europe and heightened competition in Southeast Asia. Positive trends in North America and emerging markets underscored resilience amidst challenges.
🟢 Growth outlook: Revenue outlook remains positive, with most companies projecting continued growth supported by strategic initiatives, innovation, and geographic expansion. Investments in functional product lines and sustainability are expected to drive future revenues despite macroeconomic headwinds.
🟢 Profitability outlook: Profit outlook is cautiously optimistic as companies focus on efficiency improvements and strategic cost management to mitigate rising expenses. While higher input costs present risks, improved operational frameworks are anticipated to support long-term margin stability.
Curious to see our breakdown per company?
Want to read our full analysis? Download and share it for free.
