Fonterra releases strong half year results underpinned by stronger margins and volumes
New Zealand's Fonterra Co-operative Group and its farmers and cows have had a great six months to the end of last December with a 23% lift in earnings..
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Fonterra raises earnings forecast amidst global price surge
Fonterra (ASX:FSF), the world's largest producer and exporter of dairy products, has increased its earnings forecast and expected payments to New Zealand farmer customers in response to rising global prices.
Read MoreTrans-Tasman Tidings: TWR, FSF
Some news wafted across the Tasman on Thursday from a couple of our ASX-listed Kiwi siblings, insurance group Tower and dairy major Fonterra.
Read MoreTrans-Tasman Tudbuts: DOW, FSF, AIZ
Thursday’s ASX trading session turned out to be a busy one for trans-Tasman stocks, with Downer EDI, Fonterra and Air New Zealand each making headlines.
Read MoreNo Local Shake-Out at Fonterra After All
The world’s biggest dairy company, New Zealand’s Fonterra, will keep its Australian operations, deciding not to sell after having them on the market for the best part of a year.
Read MoreInflationary Pressures Spill Over into Milk Market
Firmer global milk prices mean dairy farmers and consumers in NZ and Australia will have to learn to tolerate higher prices for dairy products, just as they are elsewhere.
Read MoreSour Times for Fonterra as Milk Dries Up
New Zealand dairy giant Fonterra is still assessing whether to sell off its Australian businesses after reporting weaker revenue and earnings for the 9 months to the end of March.
Read MoreMarket Morsels: TPG, FSF, Precious Metals
A bit of a rout on the local market in Monday’s trading session, but we managed to find a couple of stocks that bucked the trend, plus some news of further UK sanctions against Russia.
Read MoreFonterra Unable to Milk Stronger Pricing
A disappointing half-yearly performance for Fonterra, after the dairy co-operative was unable to convert the strong rise in global prices into higher prices for its own products.
Read MoreFSF – UBS rates the stock as Neutral
The Neutral rating is retained, especially as the key upside potential from the proposed AMENA disposal is currently more than 12 months away. The target falls to NZ$4.30 from NZ$5.
Read MoreFonterra Looking to Churn Oz Operations
New Zealand’s global dairy giant Fonterra is looking at exiting Australia via a spin-off in a similar way to how Wesfarmers got rid of Coles and Woolies quit its Endeavour liquor and hotels business.
Read MoreFSF – Macquarie rates the stock as Underperform
First half normalised net profit was up 43%. Macquarie retains an Underperform rating and raises the target to NZ$4.25 from NZ$3.74.
Read MoreHome is Where the Heart is for Fonterra
The retreat of dairy giant Fonterra back to its New Zealand base continues as it revealed a solid set of results for the six months to January 31 along with a resumption in dividend payments.
Read MoreFSF – Credit Suisse rates the stock as Neutral
Fonterra Shareholders Fund achieved the top end of guidance in FY20. Credit Suisse acknowledges the company still needs to make allowance for the pandemic-related uncertainty that is affecting the food services business.
Read MoreFSF – UBS rates the stock as Neutral
UBS assesses the third quarter result was “respectable”, underpinned by higher margins across all divisions and lower operating costs.
Read MoreMilk Major Fonterra Eyes Dividend On Q3 Earnings Lift
The giant Kiwi dairy co-operative, Fonterra has posted a bumper third-quarter earnings result but remains cautious about the outlook because of the COVID-19 pandemic.
Read MoreFSF – Credit Suisse rates the stock as Neutral
Credit Suisse observes the company has made a solid start to FY20, although an increasing milk price could put pressure on earnings, which remains subject to volatility.
Read MoreRed Ink Forces Fonterra Back To Its Roots
A radical change from Fonterra, from a global giant the dairy company is retreating back home to focus on NZ milk with plans to chop debt again this year and to phase out overseas “milk pools”.
Read MoreFonterra Targets Debt Pile After “Significant Adverse” Adjustments
New Zealand dairy giant Fonterra is expected to reveal a massive 2018-19 financial loss this morning as it continues to clean up its businesses and attack its huge debt pile.
Read More“Significant..Adverse”: Fonterra Faces Record Loss
Dud investments, political instability in South America, overvalued assets in NZ and the drought in Australia have made a mess of the accounts of giant New Zealand dairy group Fonterra.
Read MoreFonterra Flags ‘Challenging’ Outlook With Drought The ‘New Norm’
Fonterra, the giant NZ dairy group is looking at a substantial slide in earnings for 2018-19 thanks to the impact of the continuing drought in Australia, pressures in its Chinese markets and pricing pressures on some key products.
Read MoreFSF – Macquarie rates the stock as Underperform
First half results were weak, down -29%, and there were a number of volume and margin issues, Macquarie observes. While the company has reduced full-year guidance, the broker suspects the midpoint may still be challenging.
Read MoreMilk Price Improvements Not Enough As Fonterra Ditches Dividend
Kiwi dairy giant, Fonterra has lifted its 2018-19 forecast farmgate milk price range to $NZ6.30-$NZ6.60 a kilogram of milk solids (MS) but has suspended its interim dividend as it has announced a “full strategic policy” shift to try and improve profitability and business performance.
Read MoreFonterra Q1 Sours, Lowers Milk Price Range Again
NZ dairy giant, Fonterra has downgraded its 2018-19 forecast Farmgate Milk Price range for a second time in as three months as global prices and demand remain weaker than forecast.
Read MoreDairy Deals: Fonterra Drops Farmgate Milk Price, Kirin Confirms LDD Sale
Different approaches yesterday to dairy product pricing for farmers from Fonterra, the world’s biggest exporter – up for Australia, but down for New Zealand.
Read MoreDairy Giant Fonterra Records Historic Loss
The size and dominance of Kiwi dairy giant Fonterra has not stopped it from creating a piece of unwanted NZ corporate history.
Read MoreKirin Eyes Divestments As Dairy Boom Sours
Two of Australasia’s major dairy companies could be on the market and sold by early 2019 after Japanese food and brewing group, Kirin revealed it was launching a review of its Australian and New Zealand businesses with a view to selling them.
Read MoreFonterra Lifts Milk Price But Lowers Dividends
Mixed news from NZ dairy giant Fonterra yesterday with a high price forecast, but a warnings of slimmer dividends after a weaker than forecast third quarter trading performance.
Read MoreChina Deals Sours Fonterra
Massive changes across the Tasman at Fonterra, New Zealand’s largest company, which revealed a massive write down on a controversial Chinese investment, a net $348 million loss for the six months to January 31, and the looming departure of CEO, Theo Spierings.
Read MoreFonterra Full Year Profit Sours 11%
Blame wet weather (and the big dry in eastern Australia) for the weak full year profit from Fonterra the world’s biggest dairy exporter.
Read MoreFonterra Ups Farmgate Milk Forecast
Strong world dairy prices have seen New Zealand dairy giant, Fonterra lift its forecast milk price to $NZ6.15 per kilogram of milksolids (MS) as global prices continue to edge higher.
Read MoreFonterra Holds Farmgate Milk Price As Profit Steadies
A reasonable interim result yesterday from New Zealand’s dairy giant Fonterra (FSF) which reported a net profit of $NZ418 million for the six months to January 31, up 2% on last year. The result was on a 5% lift in revenue to $NZ9.2 billion.
Read MoreFonterra Manages Dairy Downturn
Fonterra (FSF), the giant NZ dairy empire, has given a masterclass to other dairy groups on how to handle a price crisis and recover from it.
Read MoreFonterra Maintains Low Milk Price Forecast
We got another reason yesterday why New Zealand interest rates will be cut next week, and probably again in the last months of 2016.
Read MoreFonterra To Pay Dividend Early
Fonterra is giving its New Zealand dairy farmers a small financial boost by paying part of its final dividend earlier – a love that will help them deal with tight cashflows brought on by the slide in global prices.
Read MoreFonterra Cuts Milk Price Forecast
The move by the Reserve Bank of NZ to cut its key interest rate to an all time low of 2.25% yesterday can be understood by what Fonterra, the giant Kiwi diary company and the world’s largest exporter, said and did this week.
Read MoreFonterra Raises Earnings Forecast
The slight recovery in dairy earnings, cost cuts and lower production has seen Kiwi dairy giant, Fonterra (FSF), raise its annual earnings forecast a touch.
Read MoreFonterra Flags Higher Dairy Prices
Some good news at last for the embattled dairy industry in NZ from its major player, Fonterra (FSF).
Read MoreFonterra Axes 523 Jobs
The chances of an interest cut in NZ next week have soared after global dairy prices fell to six year lows on Wednesday night, the Kiwi dollar also dropped to new six year lows and Fonterra, the world’s biggest dairy group, chopped 500 jobs in NZ, and elsewhere.
Read MoreNZD Slips As Weak Dairy Prices Persist
So where are NZ interest rates heading with the central bank due to release its latest decision on monetary policy three weeks yesterday?
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