West Cork dairy firm Carbery revenues slump 12% after 'challenging' year for dairy market

'Despite a challenging year, we managed to maintain our position as leaders in milk price,' said Jason Hawkins, chief executive of the Carbery Group. 

Carbery Group chief executive Jason Hawkins.

West Cork-based international milk and cheese producer Carbery posted a sharp decline in revenue after a “challenging” year for the dairy industry.

In its annual results the company posted revenue of €616m for 2023, a 12% decline on the previous year, while earnings fell 11% in the same period to €46.4m.