News Dairy
A-ware improves results and sustains investments
Royal A-ware Food group had a good 2023. The turnover increased by 2.1% to €3.3 billion. The net profit also increased, to 2.5% of the turnover. The company also increased investments. With all this, it continued on the path set out, as it states.
A-ware further notes that the number of dairy farmers supplying to it increased again last year, in both Belgium and the Netherlands. The company managed to remain one of the leaders in terms of milk price paid out in both countries, despite rising interest rates and lower purchasing power. In total, more than 1500 dairy farmers supply to Royal A-ware.
The improvement in results is not only reflected in higher turnover and corresponding results. The gross operating profit increased from €166 million to €205 million, the net result went from €72 million to €82 million.
The solvency also received a boost. It increased from 23.24% to 29.04%.
However, this did not come at the expense of investments. They increased to almost €109 million, in the Netherlands, Belgium, and Spain.
In the Netherlands, investments were made in new cheese packaging lines in Almere and Bodegraven, while the Lopik location was modernized. In Belgium, a new milk reception was realized in Aalter, among other things. Money went towards modernization and capacity expansion, as well as further sustainability of locations.
Logistics company AB Texel also focused heavily on sustainability, but expanded its range of services.
No statements are made about expectations for the current year.
Klaas van der Horst
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