From GlobeNewswire: 2024-11-01 02:00:00

ForFarmers had a strong Q3 in 2024, with a 6% volume growth and improved profitability. They made strategic moves, such as a joint venture in Germany and acquiring Van Triest. Operating profitability increased significantly, with underlying EBIT rising by 48.9% and EBITDA by 28.2%. The ROACE ratio also improved to 11.6%.

Total volume increased by 6.1% in Q3 2024 compared to the previous year. Compound feed volume rose by 2.8%, with a 4.3% growth in total volume and 2.5% in compound feed on a like-for-like basis. Turnover decreased by 4.5% due to lower raw material prices. The acquisition of Van Triest and joint venture with team agrar are key steps for the company’s growth.

ForFarmers is a leading provider of complete feed solutions for livestock farming in Europe. With a focus on sustainable and future-proof farming, they aim to support farmers with knowledge and products. The company has around 2,600 employees and had a turnover of €3 billion in 2023. ForFarmers is listed on Euronext Amsterdam.



Read more at GlobeNewswire:: ForFarmers N.V.: ForFarmers trading update Q3 2024