Preliminary business figures for 2024

• After a challenging 2023 financial year, 2024 builds on the successful years before
• The comeback shows the enormous team spirit and great potential of the DMK Group
• Strategy 2030 remains the company's compass
  
   

The DMK Group has achieved its goal of paying out at competitive levels again in 2024. In addition to effective measures – such as a value-adding expansion of the product range and the strengthening of the brand business, the adaptation of the plant structure and the implementation of important sustainability initiatives – team spirit played a particularly important role. ‘The fact that we have performed so successfully in 2024 and kept our promises in turbulent times is no coincidence. It is the result of hard work and a great team. I am extremely proud of this and delighted that we will continue to work on our vision for 2030 in the coming years, and thus on a sustainable and forward-looking dairy industry,’ said Ingo Müller, CEO of the DMK Group.

In terms of the milk payout, as the most important target of the cooperatively organised DMK, the company achieved a very good result for 2024, considering the starting position: at 47.31 cents/kg (previous year: 41.1 cents/kg), DMK eG concluded the average payout price including surcharges for its cooperative farmers at a competitive level. Currently (March), DMK eG farmers receive 55.29 cents/kg of raw milk (including surcharge for animal husbandry form 3).

Both the equity ratio (35.4 per cent; previous year: 34.7 per cent) and the net income (24.6 million euros; previous year: 13.2 million euros) are above plan in 2024. The revenue of Germany's largest dairy cooperative is at 5.1 billion euros (previous year: 5.5 billion euros). The fact that DMK is well positioned overall is also reflected in the recently closed follow-up financing for a period of five years, thereby successfully securing the company's core financing as an important milestone in its strategic orientation towards 2030.

The future remains in focus

'Since the start of our new strategy in 2018/19, we are continuously developing in terms of our market position and our milk price. We want to use the tailwind from 2024 to further strengthen our future position and to pay our farmers a competitive milk price in the long term. In doing so, our environment and the world around us will not become easier, but we are focusing on what we excel at and what defines us as a team: openness to change, motivation to achieve the best for our farmers and passion for what we do," said Müller.