Fonterra Co-operative has updated its FY25 full year earnings guidance from 40-60 cents per share to 55-75 cents per share and released the information pack to support the divestment of its global consumer businesses.
Fonterra CEO, Miles Hurrell, said, “This upgrade reflects the underlying strength of our core Ingredients business and the resilience in our Consumer channel, which is contributing to a robust result for businesses in the divestment perimeter.
“Our Consumer channel has shown good volume and margin growth while recovering the higher Farmgate Milk Price this season.”
Fonterra will release its FY25 interim results on 20 March.
Divestment roadshow
Fonterra has released an information pack on the divestment of its global consumer and associated businesses, in preparation for a potential initial public offering (IPO). It outlines the financial profile of the business that would be called Mainland Group if the IPO proceeds.
The pack includes indicative pro-forma historical financial information up to FY24 and reflects a more refined view of the components of the Mainland Group business compared to previous financial disclosures by Fonterra, including Fonterra’s decision to retain a manufacturing facility in Saudi Arabia and its Greater China consumer business.
These refinements have the effect of reallocating a larger portion of earnings into Fonterra’s core business, Fonterra said.
The roadshow meetings will be held in New Zealand, Australia and Asia, and will be led by Mainland Group CEO-elect René Dedoncker and CFO-elect Paul Victor.
