The VanDrie Group once again performed well in 2024. Both turnover and profit increased compared to the previous year. Turnover at the feed, meat, and dairy company increased by almost 9%, while profit was up 4,4%.
The family business continues to deliver solid results, despite frequently operating under challenging circumstances. As in the previous year, the profit (almost €156 million) will be added to the general reserve. A dividend of €120 million will then be distributed from this reserve, according to the annual report. In 2023, this amounted to €90 million. In previous years, this amount was used to fund a fund from which veal calf farms were acquired. Other investments are also financed from it.
Total revenue reached €3,47 billion, €281 million more than the previous year. Revenue had actually declined back then, but growth was expected again in 2024.
Net profit amounted to €155,6 million, which is almost €20 million more than what remained in 2023.
VanDrie generates the vast majority of its revenue in Europe, excluding the Netherlands. In 2023, this accounted for 71% of revenue, and in 2024, it reached almost 70%. Revenue outside the EU increased slightly, but remained at around 17% of the total. The Dutch market's importance increased from 12% to 13,2%.
VanDrie didn't make any major acquisitions in 2024, but it wasn't sitting idle. It completed four full acquisitions and one partial acquisition in the Netherlands, Belgium, and France. The company spent roughly €150 million on these acquisitions. It also invested over €72 million in existing businesses.