Royal A-ware Food Group has had a good 2023. Turnover rose by 2,1% to €3,3 billion. Net profit also rose and is now 2,5% of turnover. The company also made more investments. With all this, A-ware continued on the path it had set, the company reports.
A-ware also notes that the number of dairy farmers supplying to it rose again last year, in both Belgium and the Netherlands. The company managed to remain one of the leaders in both countries when it comes to paid milk price, despite rising interest rates and lower purchasing power. In total, more than 1.500 dairy farmers supply to Royal A-ware.
The improvement in results is not only evident from higher turnover and ditto results. The gross operating result rose from €166 million to €205 million, the net result went from €72 million to €82 million.
Solvency also received an injection, rising from 23,24% to 29,04%.
However, this was not at the expense of investments. These rose to almost €109 million, in the Netherlands, Belgium and Spain. In the Netherlands, investments were made in new cheese packaging lines in Almere and Bodegraven, while the Lopik site was also modernised. In Belgium, a new milk reception facility was realised in Aalter, among other things. Money went to modernisation and expansion of capacity, but also to further sustainability of sites. At logistics company AB Texel, a lot of attention was also paid to sustainability and the range of services was expanded.
No statements are made about expectations for the current year.