Interfood and Numidia achieve lower results

Hoogwegt With a turnover of €3,2 billion in the 2023/24 fiscal year, Interfood remains the world's largest dairy trader, but with a turnover of almost €3,1 billion in 2024 (€3,005 billion in 2023), it comes uncomfortably close. Interfood's profitability has also increased in recent years. 2023 was an anniversary year and also a record year in terms of results, with a net profit of €71,5 million. While the 2024 fiscal year was less successful, with a net profit of €36,5 million, the company also achieved a good result. It was even the second-best year in Interfood's history. The Bladel-based dairy trader did sell less product: 1.111.600 tons, compared to 1.155.800 tons in 2023.

Fellow company Numidia, based in Herten, Limburg, saw its turnover rise from €914 million to €1,1 billion. It also sold a significantly higher product volume of 442.000 tons (+26%), but still posted a loss for the first time in its history. This amounted to €13,5 million, compared to a profit of €16 million in 2023. This prompted Numidia to implement several internal changes, writes CEO Han van Hagen. From now on, trading will be done in shorter cycles, with a smaller team, and lower limits will be applied to trade executions.

These adjustments are necessary to respond more quickly to market volatility. There are too many sudden disruptions. Van Hagen also sees increasing signs of a kind of deglobalization, with new restrictions and barriers everywhere. This requires a different approach from a trading company.

Interfood does not report any major internal adjustments or shifts, but also sees the climate in which it has to operate becoming increasingly complex.