Report
DairyCo report highlights Milk Link’s strengths
DairyCo has today published its first Company Strategy and Performance Report, which looks in detail at the seven largest milk buyers in Britain.
The independent report, undertaken by Bidwells Agribusiness, highlights that Milk Link is a business that is ‘strong and well-structured’, has ‘performed well against previous plans’, has a ‘current strategy of growing and developing existing markets based upon on appropriate investment and innovation giving significant confidence going forward’, and ‘offers good security of milk demand and projects continued growth in requirements’.
The report concludes that Milk Link ‘has made the most successful foray into becoming an added value, integrated processor so far’.
Strong financial base
From a financial perspective, the report states Milk Link has ‘a strong financial base with reducing debt levels and positive cash generation’, has ‘delivered significant increases in turnover, with similar levels of operating profit’, has ‘a balance sheet [that] is strengthening with significant reductions in debt and gearing and [that] there is growth in members’ returns via interest payments and the milk price relative to the market average’.
A clear strategy
In relation to Milk Link’s business strategy, the report highlights that Milk Link has ‘a clear strategy in place’, that it has ‘realigned and refocused in terms of structures and processes to put their business in the very best position going forward’, and that ‘whilst seeking growth their emphasis going forward is on delivering security and business stability … with a strong emphasis on continuing to drive up customer service and efficiency of operation’.
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