The power of scale in the dairy industry

Based on the analysis of more than 300 dairy companies in Western Europe, it is apparent that size is the way to go in the European dairy industry. With an average EBIT of 3.7% of net sales in 2020, large dairy companies (>€500 million in net sales) generated higher margins than their smaller competitors (2.5%) during the pandemic. This highlights the benefits of the more balanced portfolio and presence across channels that larger dairy companies have in comparison to smaller companies a