Dairy giant Carbery sees operating profits jump 20% to €24.8m

Turnover at West Cork-headquartered food group jumped 8% to €668m, with significant growth driven by international taste and flavours business

Carbery Group CFO Liam Hughes;Chairperson Vincent O’Donovan and CEO Jason Hawkins, launched the Carbery annual results 2024 at the Carbery Plant in Ballineen. Picture: Andy Gibson.

Turnover at food giant Carbery has jumped 8% to €668m, with significant growth driven by the group's international taste and flavours divisions helping push operating profits up 20% to €24.8m.

The cheese, dairy, flavours, nutrition, and ingredients group has its main production facility in Ballineen in West Cork and food and flavours businesses across the UK, US, Italy, Brazil, Singapore, Thailand, and Indonesia. Carbery published its 2024 results on Wednesday morning, with earnings before interest, tax, depreciation, amortisation (EBITDA) up 12%, from €46.4m to €52m.