ForFarmers N.V. Sees Record Growth in First Quarter Results

ForFarmers N.V. Trading Update: First Quarter Success

In a recent trading update, ForFarmers N.V. has reported impressive growth figures for the first quarter of 2025. The company's performance illustrates a strong upward trend, bolstered by an increase in compound feed volumes. Pieter Wolleswinkel, CEO of ForFarmers, expressed satisfaction with the quarter's results, highlighting the company's commitment to long-term customer relationships and market share growth.

Impressive Growth in Key Performance Indicators

The highlights from the first quarter show that ForFarmers has achieved remarkable growth in various metrics. Overall volume increased by 17.5% compared to the same period last year, driven primarily by the acquisition of Van Triest Veevoeders. On a like-for-like basis, total volume growth stood at 1.3%, which demonstrates solid organic growth.

Compound Feed Volume Increases

ForFarmers reported a 3.5% increase in compound feed volume, aided in part by the consolidation of its German joint venture that began on March 1. The like-for-like growth rate for compound feed volume was noted at 1.1%, indicating overall positive momentum.

Financial Performance Overview

The company saw turnover rise by 9.1%, a clear reflection of volume growth. Additionally, the gross profit jumped by 11.2%, reaching €138.1 million. Operating profit also showed sharp improvement, with underlying EBIT soaring by 61%, while underlying EBITDA increased by a notable 38.9%. This performance clearly underscores ForFarmers' strategic focus on enhancing profitability.

Strategic Moves and Sustainability Initiatives

Further to its financial performance, ForFarmers is progressing well with its strategic initiatives. The integration of Van Triest's activities has been going according to plan, contributing to an increase in co-products that align with the company’s sustainability goals. The establishment of the joint venture with team agrar in Germany marks an important step forward for ForFarmers, signaling expansion in key markets.

Successful Transactions

Additionally, the company completed the sale of its second plant in the United Kingdom early in April, following the approval from the UK competition authority. This transaction adds further value to ForFarmers' portfolio, enhancing operational efficiencies and market reach.

Commitment to Sustainable Agriculture

ForFarmers N.V. stands firm in its mission to support sustainable and future-proof farming. The company recognizes the critical role it plays in the agricultural sector, working closely with farmers to support sustainable practices. With sales reaching approximately 9 million tonnes of animal feed, ForFarmers has solidified its condition as a leading player in Europe.

Looking Ahead: Financial Calendar

Investors and stakeholders are looking forward to the upcoming financial calendar events, including the half-year results publication slated for early August and the Q3 trading update in November. These events will provide further insights into the company’s growth trajectory and strategic initiatives.

Frequently Asked Questions

What are the primary growth drivers for ForFarmers in Q1 2025?

The primary growth drivers include the acquisition of Van Triest Veevoeders and improvements in compound feed volumes, which resulted in significant increases in turnover and operational profit.

How does ForFarmers plan to enhance its sustainability efforts?

ForFarmers aims to increase its co-products to fulfill sustainability ambitions while working closely with farmers to promote sustainable agricultural practices.

What was ForFarmers' performance compared to previous quarters?

Compared to the previous quarter, ForFarmers has shown remarkable improvement, with overall volume increasing by 17.5%, and underlying EBIT increasing by 61%.

What future events should stakeholders anticipate?

Stakeholders can anticipate the publication of half-year results in early August and the Q3 trading update in November, which will shed light on the company's ongoing performance.

What is ForFarmers' market position in Europe?

ForFarmers is recognized as a leading player in Europe with significant sales of animal feed and production operations across several countries.

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