From GlobeNewswire: 2025-02-20 01:00:00

ForFarmers CEO Pieter Wolleswinkel announced a successful 2024, with volume growth and improved profitability. Key highlights include a 7.0% increase in total volume, an 8.6% rise in gross profit to €518.3 million, and a 44.0% increase in underlying EBITDA to €100.8 million. Strategic acquisitions and sustainability efforts have strengthened ForFarmers’ foundation.

The acquisition of Piast and Van Triest Veevoeders, along with a joint venture with team agrar, have expanded ForFarmers’ market positions. The company saw a year-on-year increase in underlying EBIT of 80.7% to €59.1 million and underlying net profit of €40.6 million in 2024. ForFarmers also increased its ROACE to 13.0% by the end of 2024.

ForFarmers’ commitment to sustainability is evident through investments in circular raw materials and organic feed production. With a dividend proposal of €0.20 per ordinary share and a focus on future-proof farming, ForFarmers aims to contribute to affordable and sustainable food production. The company’s dedication to supporting livestock farmers and building a more sustainable agricultural sector is a cornerstone of their mission.



Read more at GlobeNewswire:: ForFarmers 2024 results: Volume growth and significant