Dutch feed cooperative ForFarmers posted revenue of EUR2.3 billion (US$2.5 billion) for 2014, a 7.3 percent drop from the previous year. However, its overall organic gross profit was stable.
The company’s gross profit was EUR408.1 million, up 4.5 percent from last year, due to acquisitions and positive currency effect.
Total feed volume, including compound feed and other categories, was up 5 percent from 2013 to 8.9 million tons, with organic volume growth at 1.8 percent. The largest growth was in the pig sector, while the layer and dairy sectors also contributed.
“In 2014, we demonstrated that we can make our client proposition more attractive, while at the same time improving our profitability. Our clients also benefited from lower raw materials prices passed on in our feed products,” said Yoram Knoop, CEO.
Total feed volume in the U.K. was up 8.3 percent to 2.9 million tons. Gross profit in the U.K. was EUR145.5 million.
Total feed volume in the Netherlands was up 1.4 percent to 3.9 million tons. Compound feed sales declined 2.1 percent. Gross profit was unchanged at EUR180.4 million.
In Germany and Belgium, feed volumes were up 7.5 percent to 2.1 million tons. Gross profit rose to EUR82.2 million.
