Food Union Group, a European ice cream and dairy producing group, ended 2019 with a strong performance, amounting to €277m in net revenue and a gross profit of €104m.The Group committed capital investments of €18.8m.
Food Union Group strengthened their position across the dairy industry in 2019. The Group is the leading ice cream company in the Baltics, as well as a strong regional player in Northern and South Eastern Europe, and a Latvian national dairy champion.
The Group’s 2019 net revenue relied on two key products: ice cream products at nearly 60% (€163m, – 1.8%) of the total revenues and dairy at almost 30% (€81.1m). Other products, such as frozen food and pastry, formed about 10% of the total revenue.