Revenue falls for NZ arm of Nutricia for third year

Revenue falls for NZ arm of Nutricia for third year
Danone's manufacturing facility at Balclutha. (Image: Supplied)
Riley Kennedy
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...

More Finance

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025
Michael Lorimer exits Grant Samuel amid more sector change
Finance

Michael Lorimer exits Grant Samuel amid more sector change

Lorimer has sold his 80% stake in the corporate advisory firm.

Duncan Bridgeman 26 Jun 2025