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Pali Group sees a downturn in results for 2023

Monday 11:30 am - Wouter Baan

Paridaans and Liebregts, also known as Pali Group, achieved significantly higher turnover in 2023. However, the profit figures of the company, which is active in the meat chain of pigs, calves, and goats, show a considerable decline.

This is evident from the annual report of the company recently filed with the Chamber of Commerce. The year 2023 was not easy for Dutch meat companies, as shown by the results that have been disclosed so far (Van Loon Group and Compaxo). Pali Group also shares in this fate. The profit after taxes almost halved to €3.98 million, with the decline being positively influenced by currency effects.

The turnover increased by nearly €40 million to €601 million. This results in a slim net profit margin of 0.66%. The company's solvency, at 34%, is not generous but satisfactory.

Netherlands main market
Three-quarters of the turnover comes from the slaughterhouses belonging to the Pali Group. The rest is generated through livestock trading with some integration. The Dutch domestic market is still by far the most important market, followed by Germany, Italy, and France. Veal is very popular in the latter two countries.

At the end of last year, Pali announced that the location in Geldrop, where pigs were slaughtered, has been sold to Compaxo. In the new structure that has now been completed, part of the boning will continue to take place at Pali Meat in Oss.

Wouter Baan

Wouter Baan is the editor-in-chief of Farmerbusiness and a market specialist in dairy, pork, and meat at DCA Market Intelligence. He also tracks developments within the agribusiness sector and conducts interviews with CEOs and policymakers.