Breeding organization CRV deeper in the red

Whether the cooperative breeding organisation has now also found its way back up is not entirely clear from the company's statement. According to financial director Egon Verheijden, a reorganisation in the Netherlands and Flanders in particular is bearing fruit, but there too no real recovery was noted in the past year. "Here, turnover remained reasonably stable and, despite high inflation, we managed to keep costs under control. As a result, the margin remained at the desired level," he is quoted in a press release.

In the Czech Republic and Germany things went reasonably well, in Brazil and New Zealand the turnover decreased. A total of €185 million in turnover was booked, €4 million less than in the previous year. The net result decreased from -€1 million to -€4,2 million. Just like last year, there is also no member benefit because of this. The equity decreased by €5 million to €84,9 million. Last year too, CRV already written off.

Mysterious
CRV is keeping a secret about the legal setback and the costs involved. The matter is mentioned, but not explained. "We have agreed not to say anything more about it," a spokesperson said when asked. CRV is also keeping quiet about the amount of the damage. "The only thing we can say is that it concerns a substantial amount," is the response. 

Breeding value methane
CRV is also trying to fight back by developing new products, such as the development of cattle with higher feed efficiency and the introduction of a breeding value for methane - which will be launched in April.