Revenues and profits increase at Cork's Carbery Group

Revenues and profits increase at Cork's Carbery Group

Carbery Group, the West Cork based ingredients, flavours, and cheese producer, has reported higher revenues and operating profits for the year to the end of December.

Carbery Group operating profit up 20% in 2024

Operating profit at Carbery Group increased approximately 20% last year as the milk processor and dairy business put in a "strong financial performance". The group reported an operating profit of €24.8m, up €5.2m from 2023, and EBITDA increased 12% to €52m. Revenue increased 8% to €668m for the year ended 31 December, and the group said its performance how allowed it to ring-fence €8.6m for its Stability Fund to support milk prices if needed in …