Revenue falls for NZ arm of Nutricia for third year

Danone's manufacturing facility at Balclutha. (Image: Supplied)

Mon, 12 Jun 2023

The local arm of Nutricia, the specialist food and infant formula brand of French food group Danone, has seen its revenue fall for the third year in a row.Over a period of volatility for the global infant formula market starting in 2019, when Nutricia saw revenue of $111.5 million, revenue has slipped more than 40% to December last year.Nutricia is part of the Danone group, whose New Zealand manufacturing plant is in the South Otago town of Balclutha. Both businesses' accounts for the financial year were uploaded to the Companies Office thi...

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