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Hochwald maintains result in more modest 2023

July 1, 2024 - Klaas van der Horst

The German dairy company Hochwald, which also has a factory in Bolsward, managed to maintain both the milk supply and revenue last year and even achieved a higher gross profit.

This was announced by the company yesterday. The milk price paid to the members decreased from €53.10 to €47.50 per 100 kilograms (at 3.4% fat and 4.2% protein), but Hochwald is also satisfied with that. The company reports that it paid €2.20 more than the average German milk price in 2023.

The revenue slightly decreased from €1.975 million to €1.965 million, while the gross profit increased by €10 million to €138.4 million. For this year, the company expects a similar result, according to CEO Detlef Latka. The company has a strong position in consumer dairy and last year acquired the Tuffi brand from Müller Milch, which had previously been acquired from FrieslandCampina.

The total milk processing increased by nearly 10 million kilograms to 2,180 million kilograms. Hochwald aims to achieve additional growth in the milk fat market in the coming years. To do this, it primarily relies on its subsidiary Schütte & Lemmerholz.

Klaas van der Horst

Klaas van der Horst is a senior market specialist in dairy at DCA Market Intelligence. He also closely monitors developments in politics and agricultural policy.