Finnish dairy firm Valio has said that HoReCa sales increased 'considerably' in its most recent financial year, boosted by its recent acquisition of Heinon Tukku, while retail sales were also up.
The group reported a 6.1% increase in net sales in 2021, to €1.92 billion, with domestic net sales increasing 10.9%, and international net sales dropping 0.7%.
The group said that despite the 'challenging situation' owing to prolonged COVID-19 effects, the group was able to keep the the raw milk price paid to cooperatives higher than the average European price. It recently announced the cessation of its operations in Russia.
