Lactalis surpasses 30 billion Euro threshold.

The French dairy conglomerate Lactalis has increased its revenue in 2024 to over 30 billion euros. According to media reports, tax authorities are investigating. In the past year, the French dairy conglomerate Lactalis generated more than 30 billion euros in revenue. This makes the company continue to lead globally in the dairy industry. However, revenue growth slowed down. In 2023, an increase of 4.3% was recorded. Problems with tax authorities? Compared to 2023, revenues increased by 2.8%. Lactalis was able to increase its operating profit by 4.3% to 1.4 billion euros in the past year. On the other hand, the consolidated net profit decreased by 19% to 359 million euros compared to 2023. This is said to be a result of a tax settlement with the French tax authorities. This apparently involved an alleged tax fraud from 2018. The company does not provide further details on this. It only mentions an unspecified tax settlement at the end of 2024 with the French tax authorities. According to media reports, the National Financial Prosecutor's Office (PNF) has investigated the privately owned company for alleged tax fraud in 2018. According to a report from the newspaper Le Monde in February 2024, the company was accused of using several financial subsidiaries in Belgium and Luxembourg to artificially siphon off the profits of the group and reduce the tax burden in France. Investing in production According to its own statements, Lactalis invested more than 1 billion euros in production capacities and reducing its ecological footprint in 2024. This money was used, for example, to modernize industrial plants. In addition, the company continued its external growth, such as the acquisition of the Portuguese company Sequeira & Sequeira, specializing in the production of hard and soft cheeses.