After a difficult year in the 2023/24 season, Schaap Holland recovered well last season. Financial results have improved significantly as the company was able to better anticipate the market situation. However, it is bracing itself financially for the current season. Read the article for all financial figures.
Schaap has recovered significantly in the past financial year, with 9% more net revenue. This is evident from the company's annual accounts. The financial year runs from 1 August 2024 to 31 July 2025. While the company recorded a loss of €2,63 million in revenue and a net profit of €593.000 in the 2023/24 financial year, the situation looked very different this past financial year. The gross operating result amounted to €7,61 million, leaving a net profit of €2,4 million.
Profit before tax comes in at +€3,35 million, compared to -€647.850 in the previous financial year.
Better appointments
The company claims to have been able to negotiate better agreements and thus anticipate price fluctuations. This is particularly the case in the consumer (food) segment. As a result, price increases for potatoes on the purchasing side have been better countered. Schaap Holland is optimizing business processes and focusing more on its own peeling operation, the company reports. With this, Schaap aims to continue supplying affordable products.
Potato purchasing (via contracts) is closely monitored and aligned with demand as closely as possible. Management acknowledges the negative market sentiment but expects to achieve a positive result in the 2025/26 financial year as well. Schaap's liquidity position is healthy.
cautiously positive
When the annual accounts were finalized last November, expectations were still cautiously positive. The first quarter of the financial year closed positively. Selling prices for potato products were significantly lower, but the same applies to purchasing.
Due to the good year Schaap had, equity and cash flow have improved significantly. Debts also decreased. Personnel costs increased by more than a quarter, but this is more than offset by higher profits.
Loss-making contracts
The results clearly show that the company was already bracing itself for a negative potato market at the end of last year. An amount of €346.000 has been set aside for loss-making contracts.