From GlobeNewswire: 2024-06-06 17:18:00

Saputo Inc. (TSX: SAP) reported resilience in fiscal 2024, amidst macro-economic challenges. The company completed major capital projects and is ramping up commercial production. Q4 highlights include $4.545 billion in revenues, $92 million in net earnings, and adjusted EBITDA of $379 million. The Board approved a dividend of $0.185 per share. Inflationary pressures may persist in FY25, with improvements expected in USA dairy markets supported by better supply-demand balance. Global dairy demand is forecast to remain moderate, with reductions in operating costs anticipated in FY25. The Global Strategic Plan aims to accelerate organic growth, with ongoing efforts to optimize the footprint and align the portfolio with customer needs. Priorities for FY25 include completing cheese network transformation in the USA Sector and maximizing growth opportunities in Canada, Europe, and International Sectors. Saputo issued its 2024 Promise Report, emphasizing accountability and transparency in managing key ESG aspects impacting the business.



Read more at GlobeNewswire:: Saputo Reports Fourth Quarter and Fiscal 2024 Results