William Malcolm

Madeta Sees Profits Soar

Last year, the largest Czech dairy Madeta increased its profit after tax by almost half year-on-year to 311.4 million crowns. Revenues from the sale of products, services, and goods increased by 1.2 percent to CZK 5.61 billion. It follows from the annual report. The company considers the results due to the coronavirus pandemic a success. This year, it wants to have revenues of around six billion CZK, Madeta’s general director Milan Teplý said.

“The negative impact was significantly reduced in the gastro segment, when school canteens, restaurants and hotels were closed, as well as complicated export conditions. However, the result was positively reflected in strong demand. stores in which we are well listed, “said the director.

He had previously told ČTK that during the coronavirus crisis, the company lost 1.2 million in turnover per day due to schools and restaurants, but small packages were sold all the more. According to him, last year’s results were also positively affected by the fact that production capacities increased or that operating costs were saved. Last year, the dairy’s operating profit rose by 42 percent year on year to CZK 374.2 million.

This year, Madeta changed the way the blue cheese was salted in the Český Krumlov plant. Instead of salt baths, it switched to dry salting. This is part of an investment of CZK 350 million, which started last year and will end next year. The capacity of the plant will increase by a third. In the spring, Madeta completed new three-story maturing cellars in the cheese factory in Planá nad Lužnicí. Compared to the current ones, twice as many cheeses will be matured in them. The capacity is 5,000 boxes, which is 3,000 tons of cheese. It is part of a new cheese factory, in which the company has invested CZK 800 million.

Madeta has four production plants – in Planá nad Lužnicí, Český Krumlov, Jindřichův Hradec and Pelhřimov. It employs 1,500 people and processes 900,000 liters of milk a day. It has 170 suppliers of raw milk, offers over 250 types of products, exports a fifth of production. The current purchase price per liter of raw milk is 8.71 crowns.