Profits fall at Kerrygold owner after dairy market correction in 2023

Ornua, the farmer owned co-op, also completed a €40 million investment in 2023 to double the capacity of its Kerrygold Park facility in Cork

The Kerrygold brand is on track to achieve €2bn in sales by 2025

Ornua, the Irish dairy co-op which owns the iconic Kerrygold brand, recorded a modest fall in sales and profits last year despite a sharp correction in the price of international dairy commodities such as butter and cheese.

Announcing full year results on Wednesday, Ornua said it generated group sales of just under €3.4 billion in 2023, which was down less than 1 per cent year on year. The company, which is owned by a number ...