More turnover and much better result for DeltaMilk

The above is evident from the annual figures filed by the cooperative. Turnover increased from €194,4 million in 2020 to €211,3 million in 2021. This equates to an increase of 8%. The net result increased from €9.901 to €942.784. Partly because of this, DeltaMilk had more room to make a subsequent payment. 

At the same time, DeltaMilk must ensure stronger equity. This is - at less than €10 million - quite weak. The cooperative's guaranteed capital amounts to almost €25 million. This is approximately €1,6 million larger than a year earlier and amounts to more than 35% of the balance sheet total.

DMF milk remains important
The cooperative also has investment plans and wants to invest approximately €5,3 million in a new, sustainable energy supply for the 'De Graafstroom' cheese factory in the coming years. Approximately 400 million kilos of milk are processed there per year, half of which comes from our own members. The other half is obtained from FrieslandCampina via the Dutch Milk Foundation. That volume is smaller than when the company started in 2009. However, the factory in Bleskensgraaf remains dependent on FrieslandCampina for a significant part of the supply. In 2020, a new long-term agreement was made for the supply of milk.

The majority of turnover, especially cheese and whey, is achieved through sales to customers in the Netherlands. In 2020 this amounted to €186 million and in 2021 this increased to almost €205 million. This means that the Netherlands has become more dominant as a sales area for the South Holland cooperative (97%). Sales within the European Union fell by approximately €2 million to €5,5 million, accounting for 3% of sales. There is also export to destinations outside the European Union, but the volume remains below €1 million.