German dairy co-op DMK saw its profits rise 9% last year to €79m, as profit margins widened slightly from 1.3% in 2018 to a still very narrow 1.4% in 2019. The co-op’s sales for the year increased by 4% to just under €5.8bn, while net profits fell by 20% to €24.5m, largely as a result of restructuring costs.

DMK said it invested €145m last year in capital projects, including the construction of a new infant formula plant to manufacture its own brand of baby formula, along with a new milk drying facility.