ForFarmers: Solid growth of Total Feed volume and operating profit

22 March 2016

Earnings per share increase of 5.3% and dividend per share by 32.2%

Highlights 2015:

  • Total Feed volume increased by 3.8% to 9.1 million tons. Like-for-like volume growth increased slightly (+1.3%) in very difficult agricultural market conditions
  • Gross profit increased 7.7% to € 424.2 million, like-for-like growth 1.8% (€ 6.9 million)
  • Operating profit (excluding incidentals) increased by 8.1% to € 64.4 million
  • Profit for the year (IFRS) increased to € 50.7 million from € 48.1 million (2014 Dutch GAAP € 39.0 million)
  • Implementation strategic programme Horizon 2020 and standardisation One ForFarmers on track
  • Further expansion in the United Kingdom with the acquisition of Total Feed activities of Countrywide Farmers in May 2015
  • Proposed dividend per share € 0.23299 (+32.2%)
  • Resolution regarding potential public listing on the Annual General Meeting agenda on 15th April 2016

Yoram Knoop, CEO ForFarmers: “In a year with challenging conditions for the agricultural sector and our customers, I am pleased with the achievements of ForFarmers. Volumes, gross profit and profit all increased. With the ongoing implementation of Horizon 2020, the transformation from a local compound feed supplier to a leading international feed company is fully underway. Meanwhile, significant progress has been made and advantages have been realised with our strategic partnerships. In 2015 ForFarmers has strengthened its position, has further professionalised the organisation and is ready for the new challenges of 2016.”