Most sectors had some stand-out performers in this year’s Top 100. Agriculturally focused industries continued to make their mark, with meat processors and dairy companies performing well.
Four dairy companies recorded double digit growth. Bega lead the pack with 44.6 per cent revenue growth to $2.18 billion and an 11 point jump in placings to #13. Peters also had a good showing with its 23.9 per cent growth to $581 million and moving up from #52 to #47.
The a2 Milk Company had 33 per cent growth but keep in mind the results are for FY20, before this year’s four profit downgrades. It’s position in the report remained unchanged at #20. And Norco Co-operative, Australia’s largest dairy co-op actually dropped two places to #37 but recorded a solid 13.3 per cent growth to $684 million.
The meat processors were a powerhouse yet again, with six companies increasing revenue in the double digits. If you round up Midfield Meat International’s 9.9 per cent then we can call it seven.
Nolan Meats had a stellar showing, rising 14 places to #77 and recording 23.8 per cent revenue growth to $267 million. Pork processor SunPork, in its first appearance on the list at #81 had a 23.4 per cent lift, while Thomas Foods International recorded the second highest increase for the sector at 20.5 per cent. It rose two places to #14.
WAMMCO wasn’t far behind in revenue growth with 20.2 per cent, but in a result that shows the movement on the list, jumped eight places to #57. Others included G & K O’Conner up 8 places to #79, 13.9 per cent; and Teys, #6, 12.2 per cent.
And the seafood sector also had a good showing with three companies showing impressive growth: Petuna - making its first appearance on the list - recorded 29.5 per cent revenue growth and arrived at #100. Huon Aquaculture recorded 12.4 per cent growth but fell two places to 60 and Safcol, also new to the list at #97, recorded a 16.6 per cent revenue rise to $139 million.