Kerrygold has announced that it has exceeded €1 billion in annual retail sales - the first Irish food brand to reach this milestone.
It was unveiled yesterday by Michael Creed, Minister for Agriculture, Food & the Marine, and Róisín Hennerty, managing director Ornua Foods to its farmer shareholders at the Kerrygold Kitchen in Ornua in Dublin..
Unveiling the news, Minster Creed said: “Reaching this milestone is a significant achievement for Kerrygold, and Ornua, who have not only contributed economically to Ireland but have also played their part in supporting our vibrant rural community and building opportunities in markets all over the world.”
The brand owned by Irish dairy farmers said in a statement that Kerrygold has grown in popularity over the past five decades, the recipe has not changed since it was first produced in 1962.
Kerrygold is the No. 2 butter brand in the US and the No. 1 butter brand in Germany, as well as being the fastest selling branded product on supermarket shelves in Germany.
"While Kerrygold holds a unique place in the hearts of the Irish people, we are especially proud that the brand has captured the hearts and imagination of consumers all over the world," Róisín Hennerty, managing director, Ornua Food, said
"The future is bright for Kerrygold – our unique connection to our consumers coupled with our way of farming and our members’ expertise will drive the next generation of success.”
Financial Results 2018
Ornua, which owns and produces Kerrygold butter, published its operating and financial results for the year ended 29 December 2018, revealing a 0.6% increase in turnover in April this year.
The group earned €2.08 billion in 2018, compared to €2.06 billion in 2017.
Ornua said that its performance last year was achieved during ‘a period of significant and sustained investment across its facilities and brand portfolio’.
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