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Profit recovery in 2024 for Vreugdenhil Dairy Foods
Vreugdenhil Dairy Foods has recovered in 2024 from the disappointing result in 2023. Turnover picked up again and net black figures were presented again. A competitive milk price was also achieved.
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Turnover rose slightly from €1,03 billion to €1,06 billion, while net profit rose from €15 million negative to €13,7 million positive. Investments continued in the meantime. In total, Vreugdenhil invested more than €15 million, with a view to a more sustainable and efficient production process. Last year, the former production location in Voorthuizen was also sold. 129 apartments are now being built there.
The year 2024 was also the year that a refinancing was concluded. This gave the company more room to invest strategically in energy transition. The new agreement runs for 5 years, but can be extended twice for 2 years.
Top 3 milk price
The average milk price paid last year was €50,95 per 100 kilos, the company reports. In the Boerenbusiness Milk price comparator achieved Vreugdenhil a top-2024 position in 3 with the basic milk price. With the newly developed top milk flow Tomorrows Dairy, dairy farmers can receive an extra compensation for sustainably produced milk.
Vreugdenhil Dairy Foods has four production locations: in Gorinchem, Scharsterbrug, Barneveld and Putten. The head office is in Nijkerk and there is a sales office in Madrid. The company processes one and a half billion kilos of milk into high-quality food products and ingredients, which are exported to 130 countries. The ingredients for the food industry are mainly sold in Europe. Milk powder for consumer use mainly goes to Africa and the Middle East and specific applications find their way to Asia.
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