Veganz Group has recently entered into a partnership with Jindilli Beverages concerning Mililk products from the German plant-based food company.
This agreement will encompass North America, Australia, and New Zealand, allowing Veganz to manufacture Mililk oat and almond alt-milk beverages at its facility in Ludwigsfelde, Germany. Additionally, Veganz will export one-liter retail packs in Tetra Pak format, five-liter foodservice packs, and the new Mililk Drops, a plant-based creamer alternative.
Notably, approximately 95% of Veganz’s sales originate from the DACH markets of Germany, Austria, and Switzerland. Furthermore, Veganz has announced plans to establish a production facility in the USA based on Mililk technology.
This announcement coincided with Veganz’s financial results for 2024 and their projections for 2025.
The company’s sales experienced a decline of 34.2%, totaling €10.8 million ($12.1 million) in 2024. Veganz attributed this decrease to portfolio optimization initiatives and investments in new production facilities. As part of its restructuring, the company has evolved into a holding entity, creating five business units under the brands Veganz, Mililk, Happy Cheeze, Peas on Earth, and Orbifarm.
For 2024, Veganz reported a net loss of €4.8 million, which reflects an improvement compared to the previous year’s loss of €9.5 million. The EBITDA loss stood at €2.4 million, down from €6.3 million the prior year. Looking ahead, Veganz projects that sales in 2025 will remain stable, bolstered by an extensive cost-cutting program aimed at maintaining EBITDA at 2024 levels.
Veganz CEO Jan Bredack noted, “In a challenging year 2024, we continued to successfully drive forward the reorganization of Veganz Group and see a further increase in own production sales and an improvement in EBITDA.” He added, “With our five new business units, we are clearly positioned for the future and, assuming financing, will be able to meet the high market demand in 2025.”
In line with food and beverage industry trends, this partnership signals a strategic move within the food and drink business, aligning with evolving food and drink consumer trends.
