Canadian cheese-maker Saputo posted a rise in half-year profits helped by a strong performance from its dairy products businesses.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Net earnings for the six months to 30 September totalled C$152m (US$131m), compared to C$131m for the corresponding period last year.


Revenue from the company’s US dairy products division increased by around C$200m due to its acquisition of Alto Dairy Cooperative in April, increased selling prices and a higher average block market per pound of cheese.


Sales from Saputo’s dairy products businesses in Canada, Europe and Argentina rose by around C$100m as the company increased prices to offset higher milk costs.


For the six-month period, group revenues totalled C$2.81bn, an increase of 11.9% on last year’s figures.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

EBITDA totalled C$280.3m, an increase of 11.4% year-on-year. An appreciation of the Canadian dollar eroded around C$3.3m of the company’s EBITDA in comparison to the same period last fiscal year.


Net earnings for the second quarter reached C$69m compared to C$62.5m for the same quarter in 2007, while consolidated revenues amounted to C$1.45bn, an increase of 12.8%.


Last month Saputo announced plans to acquire Neilson Dairy, the dairy division of Weston Foods (Canada) for C$465m.


Saputo said the transaction will enable it to increase the company’s presence in the Ontario fluid milk and cream market.