WELLINGTON based cheese company, Somerdale, has announced record sales of £26 million in America.

Somerdale International Limited (Somerdale), published its report and accounts for the year ended March 31st.

Somerdale said the results were in line with expectations, reflecting the unwinding of the positive Covid-19 pandemic market impacts seen in the previous year.

“Trading conditions were mixed for the majority of the year, as many of the market impacts relating to the Covid-19 pandemic unwound.  In particular, in some markets, the reversal of Covid-19 factors led to a reduction in sales, as consumers returned to normal buying habits.

“This return to more typical levels of demand led to a sales decline, in sterling terms, of -3% for the year.  However, on a two-year basis, the sales growth was +5%, in line with the long term aims of the business."

Trevor Debenham, finance director of Somerdale International said: “In the current financial year, trading remains strong with full year sales growth expected to be generated from
most markets.

“Rising inflation has reduced margins, but profitability is on target for the year."