Key pillars to accelerate organic growth with high single-digit Adjusted EBITDA* CAGR1 target to reach $2.125 billion by the end of fiscal 2025
MONTREAL, June 03, 2021 (GLOBE NEWSWIRE) — Saputo Inc. (TSX: SAP) (we, Saputo or the Company) reported today its financial results for the fourth quarter and fiscal year ended on March 31, 2021. All amounts in this news release are in Canadian dollars (CDN), unless otherwise indicated, and are presented according to International Financial Reporting Standards (IFRS). Saputo is also pleased to unveil today its new Global Strategic Plan (the “Plan”) to accelerate organic growth over the next four years. Based on five key pillars, which are designed to drive growth and efficiency across the organization, this Plan will reinforce Saputo’s position as one of the world’s leading dairy processors.
“Looking back on fiscal 2021, I’m incredibly proud of our performance and our resilience as an essential provider during such tumultuous times, which were the direct result of the heroic efforts of our team.” said Lino A. Saputo, Chair of the Board and Chief Executive Officer, Saputo Inc. “Putting the health and well-being of our people first, we adapted quickly to changes in consumer demand, and gave back generously to our communities.
“And while the pandemic cost us a year of potential growth, we kept moving our business forward and honouring our commitments to all our stakeholders. No doubt, COVID-19 challenged us to…
