By 26.5% increased turnover (turnover) of the dairy industry Kri Kri In the first quarter of 2025, according to today’s (13.5.2025) announcement of the company.
Specifically, Kri Kri’s turnover amounted to EUR 66.38 million versus EUR 52.48 million in 2024, up 26.5%.
Regarding the company’s operating profits (EBITDA), they stood at € 10.49 million in the first quarter of 2025 for € 9.86 million in 2024, while earnings before tax reached EUR 8.98 million, compared to EUR 8.72 million in 2024. Net earnings after tax was EUR 7.25 million. EUR 6.82 million in 2024.
In the yogurt sector, sales increased by 25.4% in value and by 24.2% in volume. In overseas markets, sales continue to grow strongly by 38.8%, exceeding 40m euros. They now reach 70% of dairy activity. Significant impetus comes from the basic markets of the United Kingdom (+54%) and Italy (+18%).
In the domestic yogurt market, sales exceeded 18.3m euros, up 3.5% in value. In relation to the market situation, consumer turning to private label yogurts continues as a result of their choices for more economical products.
Now, the market share of private label yogurt reaches 37.5% in volume, causing strong pressure on branded yogurt shares. Kri Kri’s branded yogurts lost a 2.4 percentage points, with a share of 13.4%, maintaining the 2nd place in the market, according to Circana data from January to March of this year.
In the ice cream industry, where the first quarter is not representative of the annual results due to high seasonality, domestic sales stood at € 3.92 million versus € 3.66 million of the previous period ( +6.9%increase).
Regarding the investment of Kri Kri, the company has already begun implementing the 3 -year investment plan of the Greek Yogurt Dynamo, a total budget of € 52.2 million, which has been submitted to the provisions of Law 4864/2021, as a strategic investment.
The project is about expanding the capacity to yogurt and ice cream products through modernization and upgrading the processing process, with the aim of improving efficiency and sustainable development.
In the first quarter of 2025, we fixed € 4.5 million purchases of approximately € 4.5 million. Overall, for the use of 2025, investments of € 21 million – € 25 million are expected to be implemented.