Kri Kri Milk Industry SA
ATHEX:KRI
Kri Kri Milk Industry SA
Kri-Kri SA engages in the manufacture of dairy products. The ice cream production includes five product lines: Cones, Ice Cream Cups, Scoop Ice Cream, Sticks, and Ice Cream Sandwiches. The yogurt production includes five product lines: Plain, Traditional, Catering, Fruit, and flavored yogurt for children under the brand name Scooby Doo. The milk production includes four products: Full cream pasteurized milk 3.5% Fat, Semi-skimmed pasteurized milk 1.5% Fat, Chocolate skimmed milk 0% Fat, and AYRAN (KEFIR) KRI-KRI. The firm also offers some of its products in family packs. KRI-KRI Milk S.A. is also active in the Balkans region through 71%-owned subsidiary KRI-KRI DOO Kumanovo, in Macedonia which has an autonomous production line of ice cream and yogurt, warehouses and cooling chambers. In February 2013, the Company dissolved its subsidiary in Bulgaria, KRI KRI BULGARIA A.D.
Kri-Kri SA engages in the manufacture of dairy products. The ice cream production includes five product lines: Cones, Ice Cream Cups, Scoop Ice Cream, Sticks, and Ice Cream Sandwiches. The yogurt production includes five product lines: Plain, Traditional, Catering, Fruit, and flavored yogurt for children under the brand name Scooby Doo. The milk production includes four products: Full cream pasteurized milk 3.5% Fat, Semi-skimmed pasteurized milk 1.5% Fat, Chocolate skimmed milk 0% Fat, and AYRAN (KEFIR) KRI-KRI. The firm also offers some of its products in family packs. KRI-KRI Milk S.A. is also active in the Balkans region through 71%-owned subsidiary KRI-KRI DOO Kumanovo, in Macedonia which has an autonomous production line of ice cream and yogurt, warehouses and cooling chambers. In February 2013, the Company dissolved its subsidiary in Bulgaria, KRI KRI BULGARIA A.D.
Sales Growth: Kri-Kri's sales rose by 23.7% to EUR 162 million in H1 2025, fueled mainly by higher volumes.
Gross Margin Pressure: Gross profit margin dropped to 27.5% from 34.6%, mainly due to higher raw milk and manufacturing costs.
Export Momentum: Yogurt export sales surged nearly 40%, with the UK and Italy as key growth markets. UK demand was up 60%.
Capacity Constraints: Strong demand is stretching production, prompting accelerated investment in capacity. The Greek Yogurt Dynamo project is set to double yogurt production.
Full-Year Outlook: Management expects 2025 sales to exceed EUR 300 million, with an EBIT margin target of 14%, and CapEx between EUR 21–25 million.
Margin Recovery: Management anticipates better margins in H2 2025 due to expected raw milk price deescalation and targeted price increases.
Private Label Mix: Private label sales represent about 50% domestically and over 80% of yogurt exports, with similar EBIT margins to branded products.
