Like many Australian manufacturers, Lion continues to navigate a highly competitive landscape with subdued consumer confidence and rising input costs. Offsetting these challenges, Lion’s portfolio of blockbuster dairy and juice brands continue to perform strongly in the market – particularly in key growth segments such as iced coffee, flavoured milk and specialty cheese.
We remain firmly focused on growing our high-value categories and brands to deliver value for Lion and its customers. At the same time, we have extracted efficiencies across the group to ensure we are organised in a simple, lean and agile way – with the aim of ensuring we are as easy to do business with as possible. And we have split out our dairy and juice businesses to ensure greater focus on each of these important and distinct categories. We thank all our commercial partners for their patience, as we have bedded down our new operating structures in recent weeks.
Consistent with our strategy, we are directing resources to winning in priority categories, segments, brands, SKUs, customers and channels. To date, 20 per cent of the total Dairy & Drinks portfolio has been deleted, allowing renewed focus on high performers such as milk-based beverages, which continues to grow volume and value share. For more information, click here to read about our strategy.