Dairy trader Numidia is maintaining turnover well

Solvency shows a limited improvement and rises to 22%, although this is nevertheless on the low side. This in itself is not surprising given that the fast-growing company has been around for less than fifteen years. The cash flow does show a decline. Barely half of the turnover is realized within Europe. Looking at the various dairy products, 62% of sales came from the milk powder trade. This share is somewhat lower than in 2022. This is offset by a higher exposure to cheese and butter.

Less profit
The net profit is a step back at €16 million. Compared to record year 2022, this is a decrease of 23%, although it is much better than previous years. The lower income at Numidia is probably partly related to the significantly expanded payroll. An interesting detail is that more than €250.000 of the profit goes to our own foundation, which spends it on school projects, often in developing countries. The shareholders also paid themselves a €10 million dividend.

With a net profit margin of 1,74%, Numidia is doing much better than fellow dairy trader Hoogwegt whereby this measurement figure amounted to 2022% in the broken financial year 23/0,43. Interfood, the other major dairy trader in our country, has not yet filed figures for 2023.

Growth agenda
Numidia expects to be able to continue its growth agenda in 2024. The company does mention the unrest in the Middle East and stagnant Chinese dairy imports, both of which are threats to the business. Numidia expects the global dairy market to continue to grow at an annual rate of up to 2%, but there is more growth potential for dairy traders due to increasing risks.