For Valio, 2017 was a good year from a business development perspective: net sales increased by 4.3 percent, and Valio was able to pay the co-operatives a steady milk price despite the challenging market situation. Valio introduced more than 100 new products and maintained a positive growth trend in added value products both in Finland and in exports. In addition to existing export markets, we also entered new consumer markets. Other significant events of the year included the commissioning of the world’s most modern snack plant in Riihimäki and the historically most extensive quality and production reforms to improve animal welfare.
Valio Group net sales in 2017 were EUR 1,708 million (EUR 1,638 million in 2016). Domestic net sales remained unchanged and international net sales increased by 12.4 percent. Valio continued its growth particularly in Sweden, the Baltics, Russia and China. The milk margin was EUR 797 million (772 million) and the milk return was 37.9 cents per liter. The milk market situation remained challenging despite the overall economic growth.