Latest news with #SaudiaDairy&FoodstuffCompany
Arab News
25-03-2025
- Business
- Arab News
Saudia Dairy & Foodstuff Company reports strong sales, profit growth for 2024
Saudia Dairy & Foodstuff Company, the market leader in Saudi Arabia for long-life milk, tomato paste and ice cream, has reported strong financial results for 2024, with significant growth in both sales and profits. Total sales were SR2.96 billion ($789 million), an increase of 6.59 percent compared to the 12 months of 2023. Net profit was SR483.16 million, 16.31 percent of net sales compared to 14.91 percent in 2023. Patrick Stillhart, CEO of SADAFCO, said: 'These outstanding results reflect our strong market position, ongoing commitment to sustainable growth, and the tireless efforts of our wonderful employees. We have successfully driven performance in new and existing categories through strategic investments in distribution, product innovation and brand development. Our market share in UHT milk, tomato paste and ice cream remain robust, and we continue to delight our consumers with the high quality of our products.' The company's investment in environmental, social and governance best practice in line with international standards, Vision 2030 and Saudi Arabia's net zero by 2060 target will continue to shape its long-term strategy, Stillhart added. In 2023, SADAFCO changed its fiscal year from the end of March to the end of December. Comparing the 12 months of last year with the nine-month period from April 1 to December 31, 2023, sales jumped 40.32 percent, while profits increased 48.67 percent. During 2024, SADAFCO declared/distributed SR15 per share in cash dividends.
Zawya
24-03-2025
- Business
- Zawya
Saudia Dairy & Foodstuff Company reports strong sales and profit growth for 2024
Jeddah, Saudi Arabia: Saudia Dairy & Foodstuff Company (SADAFCO), the market leader in Saudi Arabia for long-life (UHT) milk, tomato paste and ice cream, has reported strong financial results for 2024, with significant growth in both sales and profits. Total sales were SAR 2.96 Billion, an increase of 6.59% compared to the 12 months of 2023. Net profit was SAR 483.16 million, 16.31% of net sales compared to 14.91% in 2023. Patrick Stillhart, CEO of SADAFCO, said: 'These outstanding results reflect our strong market position, ongoing commitment to sustainable growth, and the tireless efforts of our wonderful employees. We have successfully driven performance in new and existing categories through strategic investments in distribution, product innovation and brand development. Our market share in UHT milk, tomato paste and ice cream remain robust, and we continue to delight our consumers with the high quality of our products.' The company's investment in environmental, social and governance (ESG) best practice in line with international standards, Vision 2030 and Saudi Arabia's net zero by 2060 target will continue to shape its long-term strategy, Stillhart added. In 2023, SADAFCO changed its fiscal year from the end of March to the end of December. Comparing the 12 months of last year with the nine-month period from April 1 to December 31, 2023, sales jumped 40.32%, while profits increased 48.67%. During 2024, SADAFCO declared/distributed SAR 15 per share in cash dividends. 2024 Highlights: Total sales for 2024 reached SAR 2.96 Billion, up 40.32% compared to SAR 2.1 Billion in the nine months from April 1 to December 31, 2023. Comparing 2024 with 2023, sales increased by 6.59%, with dairy products growing 6.23%, culinary products 9.36%, and ice cream 6.03%. SADAFCO maintained its market leadership in UHT milk at 59.6%, tomato paste at 53.6%, and ice cream at 31.4%. Gross profit margin remained strong at 35.73%, reflecting a healthy sales mix and cost management strategies. The company's strong cash position stood at SAR 690 million, while shareholders' equity amounted to SAR 1.807 billion. -Ends- For more information about SADAFCO, please visit About Saudia Dairy & Foodstuff Company (SADAFCO) SADAFCO is a publicly listed company that has been producing high-quality dairy and food products under the Saudia brand name since 1976, a year after the company was formed. SADAFCO is a market leader in Saudi Arabia in the manufacture, sale and distribution of UHT milk, tomato paste and ice cream. Based in Jeddah, SADAFCO operates sales and distribution depots in 24 locations across Saudi Arabia and the Middle East.
Trade Arabia
20-02-2025
- Business
- Trade Arabia
Sadafco joins #MadeInSaudi pavilion at Gulfood
Saudia Dairy & Foodstuff Company (Sadafco), a leading manufacturer and distributor of dairy and food products in the Middle East, is showcasing its commitment to innovation, quality and market expansion at Gulfood 2025 in Dubai, one of the world's largest annual food and beverage trade exhibitions. As Gulfood 2025 approaches its final day on Friday, Sadafco concludes its participation within the #MadeInSaudi . 'We are excited to participate in Gulfood 2025, which aligns with our strategy to support Saudi Vision 2030,' said Patrick Stillhart, Chief Executive Officer of Sadafco. 'By expanding our product portfolio, widening our distribution network and improving our manufacturing processes, we are actively delivering on Saudi Arabia's agenda for economic growth and food security, while also helping to create a more sustainable food ecosystem in Saudi Arabia and the wider Middle East.' 'We're looking forward to sharing our growth story with the thousands of visitors to Gulfood this year as part of the #SaudiMade pavilion,' he added. – TradeArabia News Service
Zawya
20-02-2025
- Business
- Zawya
SADAFCO is participating in the #MadeInSaudi pavilion at Gulfood 2025
Dubai, UAE – Saudia Dairy & Foodstuff Company (SADAFCO), a leading manufacturer and distributor of dairy and food products in the Middle East, will showcase its commitment to innovation, quality and market expansion at Gulfood 2025 in Dubai, one of the world's largest annual food and beverage trade exhibitions. As Gulfood 2025 approaches its final day on Friday, SADAFCO concludes its participation within the #MadeInSaudi . 'We are excited to participate in Gulfood 2025, which aligns with our strategy to support Saudi Vision 2030,' said Patrick Stillhart, Chief Executive Officer of SADAFCO. ' By expanding our product portfolio, widening our distribution network and improving our manufacturing processes, we are actively delivering on Saudi Arabia's agenda for economic growth and food security, while also helping to create a more sustainable food ecosystem in Saudi Arabia and the wider Middle East.' 'We're looking forward to sharing our growth story with the thousands of visitors to Gulfood this year as part of the #SaudiMade pavilion,' he added. -Ends- About Saudia Dairy & Foodstuff Company (SADAFCO) SADAFCO is a publicly listed company which has been producing high-quality dairy and foodstuff products under the Saudia brand name since 1976, a year after the company was formed. Saudia is one of Saudi Arabia's leading companies in the production of milk, tomato paste and ice cream. Based in Jeddah, SADAFCO operates sales and distribution depots in 24 locations across the Kingdom of Saudi Arabia and Middle East. Saudia products are also exported to several countries in the MENA region.
