Volac, the UK-based dairy ingredients and animal nutrition group, returned to profit last year thanks to higher sales volumes and improved profit margins in dairy. For 2019, Volac made operating profits of £8.2m (€9m) as profit margins recovered to a healthy 3.2%.

The company had recorded an operating loss of almost €3m in 2018, which it blamed on weak dairy markets. However, for 2019 Volac said it saw good sales volume growth and improved margins in both its animal feed and dairy ingredients business.