Solid development of volume and operating result in first half of 2015

28 August 2015

Over the first six months of 2015 ForFarmers realised an operating result (excluding incidental items) of € 32.6 million. This resulted in an increase of 8.7% compared to 2014. Revenue over the first six months of 2015 declined, compared to the 2014 financial year, by 1.2%. This decrease is mainly the result of declined raw material prices. Over the first six months of 2015 ForFarmers realised a gross profit increase of 10.2%. This growth is mainly realised by the application of the nutritional knowledge including a better product mix and more specialties.


Key points first six months 2015

  • Volume increased slightly by 3.0% to 4.5 million tonnes. Excluding acquisitions, volume remained flat.
  • Despite acquisitions and positive currency effects declining raw material prices resulted in a decrease in revenue of 1.2%.
  • Gross profit increased by 10.2% compared to the first half of 2014; all clusters contributed to this increase.
  • Operating result (excluding incidental items) increased by 8.7% to € 32.6 million compared to € 30.0 million in the first half of 2014.
  • Progress with implementation of strategy Horizon 2020 and standardisation to One ForFarmers is on schedule. Rebranding to the ForFarmers brand completed.
  • Further expansion in the United Kingdom realised with the acquisition of the feed business of Countrywide in May 2015.

 

See the press release.

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