Royal FrieslandCampina N.V. said, Tuesday, that lower exchange rate of the euro compared with many local currencies and the dollar was beneficial to its business in the first half year of 2010.

Cees ’t Hart, Chief Executive Officer, said revenue in the first half year 2010 amounted to 4.3 billion euros, compared with the same period of 2009 (4.1 billion euros). This is a rise of 224 million euros (5.5 percent).

Revenue increased by 15.9 percent in the business group Consumer Products International (Asia, Africa, the Middle-East, export), reaching 1.1 billion euros. The rise in revenue was achieved in part by volume growth and price rises but was also due to currency effects.

At Consumer Products Europe, revenue dropped by 2.3 percent to 1.4 billion euros. While growth was achieved in Russia, most other markets experienced lower volumes and pressure on prices.

The market shares of most brands are stable. Cheese & Butter achieved an increase in revenue of 2.1 percent to arrive at nearly 1.1 billion euros.