Lochem, 8 August 2024
ForFarmers results for the first half of 2024
Like-for-like volume growth and strong increase in profitability
Pieter Wolleswinkel, CEO ForFarmers:
“The positive trends of the first quarter have continued and we were also able to significantly increase profitability in the second quarter. We have strengthened our market positions in this first half of the year, which has resulted in a satisfactory volume development. The right product and market choices underpin this result and our local approach is appreciated by customers. The integration of Piast in Poland, which was acquired earlier this year, is going well and we are satisfied with the performance. We are also pleased to announce the planned acquisition of Van Triest Veevoeders, which specialises in by-products. We are convinced that this will enable us to play an increasingly important role in providing sustainable feed solutions. With this acquisition, we are fully focused on a market with clear growth potential. I am proud of this strong performance in the first six months and of the contribution that everyone at ForFarmers has made to this. Despite macroeconomic and (geo)political uncertainties, we are confident about the future.”
Read and download the full press release on our website.
This press release contains information that is considered inside information within the meaning of Article 7. Paragraph 1 of the EU Market Abuse Regulation.
Notes for editors/For more information:
ForFarmers, Floor van Maaren: [email protected] or +31 (0)573 28 88 00
Company profile
ForFarmers NV (“ForFarmers”) offers complete feed solutions for (organic) livestock farming. With its mission “For the future of agriculture”, ForFarmers is committed to a future-proof farm and more sustainable agriculture. Our goal is clear: we want to contribute to a good return and a robust long-term business model. How? By leading the way on the farm with knowledge, advice, support and products. Close to the farmers, solution-oriented and with an open view to the future. The result: a contribution to affordable and sustainable food, for the future of agriculture.
With sales of around 8.4 million tonnes of animal feed, ForFarmers is a leading player in Europe. The company has production facilities in the Netherlands (headquarters), Germany, Poland and the UK and exports to various countries inside and outside Europe. ForFarmers employs around 2,400 people and achieved a turnover of around €3 billion in 2023. ForFarmers NV is listed on Euronext Amsterdam.
ForFarmers NV, PO Box 91, 7240 AB Lochem, T: +31 (0)573 28 88 00
[email protected], www.forfarmersgroup.eu
FORWARD-LOOKING STATEMENTS
This document contains forward-looking statements relating to ForFarmers’ regulatory capital and liquidity positions under certain specified scenarios. In addition, forward-looking statements may include, among other things, statements containing words such as “intends,” “expects,” “considers,” “seeks,” “plans,” “estimates” and words of similar meaning. These statements concern or may affect future matters, such as ForFarmers’ future financial results, business plans and current strategies. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results and performance to differ materially from any expected future results or performance implicitly or explicitly contained in the forward-looking statements. Factors that may cause or contribute to differences from current expectations include, but are not limited to: developments in legislation, technology, taxation, case law and regulations, fluctuations in share prices, litigation, investigations by regulatory authorities, competitive conditions and general economic conditions. These and other factors, risks and uncertainties that may affect forward-looking statements or ForFarmers’ actual results are discussed in the most recently published annual report. The forward-looking statements contained in this document relate only to statements as of the date of this document, and ForFarmers undertakes no obligation or responsibility to update any forward-looking statements contained in this announcement, whether in connection with new information, future events or otherwise, unless ForFarmers is required to do so by law.
