Royal A-ware presents a much better result

According to A-ware, the company's growth is 'the result of the
consistent implementation of the long-term strategy and associated investment agenda'. 

The number of permanent employees increased by 11%, or about 330 FTE, to 3.459 FTE in total. The annual result includes both the figures for the dairy division and the transport division (AB Texel). 

Also higher investments
A-ware has also further increased the total investment. In 2020, €59 million was invested, last year this was increased to €65,5 million.

The increase in A-ware's turnover is the result of both organic growth and acquisitions, such as FrieslandCampina's milk powder factory in Aalter in Belgium. This year, further acquisitions were made and announced, especially in Belgium. In the meantime, a cheese grater has been acquired in the Netherlands. The figures have yet to be entered in the books.

The weighted average milk price (WP) paid out by Royal A-ware rose sharply in 2021. The WP paid out in 2021 was almost €40 per 100 kilos (at the Dutch standard contents, excluding organic). In 2020
this was still more than €35 per 100 kilos. Which means that more than 14% more milk money was paid last year. This is partly due to the strongly rising dairy market.

Solvency stable
With a solvency of 29% (almost the same as last year), a strong operating cash flow and ample financing facilities, Royal A-ware is well positioned to continue investing.
New steps were also taken in the field of sustainability in 2021. At the end of this year, the company will present a renewed sustainability strategy.