Muller UK Losses in Liquid Still a Problem
Posted on: 09/12/20
Muller UK and Irelands financial results for calendar year 2019 show a loss of £76 million, which whilst less than the £100 million recorded in both 2017 and 2018 is still an eye watering number.
Total revenue for the year was down to 1.9 billion (1.93 billion 2018)
Mullers 2019 operating loss prior to amortisation and one off charges totalled £65.6 million compared to lower comparable losses totalling £17.3 million in 2018. Whilst no detail is available on the profit split or losses between Mullers deserts sector and its liquids division, it is without doubt the liquids division which is responsible for the haemorrhaging.
The UK business has encountered one off costs of £65 million as part of its two-year Darwin transformation and restructuring programme.