Cibi e Bevande
ForFarmers 2024 results: Volume growth and significant improvement in profitability
Pieter Wolleswinkel, CEO of ForFarmers, said: “With solid volume growth and significant improvement in profitability, 2024 was an exceptionally good year for ForFarmers. We further strengthened our market positions by maintaining a strong customer focus and responding flexibly to the specific needs of livestock farmers across different markets. This approach, combined with a continuous focus on cost awareness, contributed significantly to profitability. Favorable external factors, such as limited impact from animal diseases, also had a positive impact compared to 2023.
We took important strategic steps that increased our position in growing and attractive markets. In Poland, for example, we strengthened our market position with the acquisition and successful integration of Piast and are investing in further future growth. With the acquisition of Van Triest Veevoeders, we expanded our position in co-products, contributing to more sustainable feed solutions with a higher share of circular raw materials.
The joint venture announced with team agrar lays the foundation for a solid long-term position in the German market. With Reudink's recent acquisition of a compound feed plant in West Germany, we have further expanded our capacity to produce organic feed.
These steps, alongside our SBTi-validated sustainability ambitions, have further strengthened ForFarmers' foundation. With the dedication of our employees and close collaboration with our chain partners, we continue to build on our mission: 'For the Future of Farming'.”
Read the full press release here.
ForFarmers, Floor van Maaren: floor.vanmaaren@forfarmers.eu
or +31 (0)573 28 88 00
ForFarmers N.V. ('ForFarmers') is a company offering complete feed solutions for (organic) livestock farming. With its mission statement “For the Future of Farming”, ForFarmers is committed to future-proof farming and making the agricultural sector even more sustainable. Our goal is clear: to contribute to good returns and a robust long-term earnings model. How? By leading the way with knowledge, advice, support and products on farm. Close to the farmers, solution-oriented and with an open mind to the future. The result: a contribution to affordable and sustainable food, For the Future of Farming.
With sales of around 9 million tonnes of animal feed, ForFarmers is a leading player in Europe. The company has production operations in the Netherlands (head office), Germany, Poland and the UK and exports to various countries within and outside Europe. ForFarmers has around 2,700 employees. ForFarmers N.V. is listed on Euronext Amsterdam.
ForFarmers N.V. - Postbus 91 - 7240 AB Lochem
T: +31 (0)573 28 88 00 - info@forfarmers.eu, www.forfarmersgroup.eu
2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti