21 August 2021
Ornua Foods UK, the UK’s biggest supplier of retail packed cheese, have reported turnover up 16.1% to £411m in calendar year 2020, with pre-tax profit up 27% to £5.2m and operating profits up 16.7% to £6.77m—an operating margin of 1.6%. Net assets were up 7.6% to £38.4m. Investment in cutting and packing at their Leek facility added 7,000t of capacity, bringing the annual total to 110,000t, with up to 50,000t supplied by First Milk. Stocks of Ornua’s Irish brands Pilgrims Choice—the No.2 Cheddar brand in the UK—and Kerrygold—the No.3 butter brand—had increased substantially in the run-up to Brexit.
