Annual figures 2017
Full slaughter hooks at Tönnies and Westfleisch
Turnover at Tönnies increased by more than 2017% in 8 to €6,9 billion. The number of pig slaughters also increased by 200.000 heads to 20,6 million. Competitor Westfleisch also slaughtered more pigs last year.
The increasing number of pig carcasses in 2017 makes the management of Tönnies happy, as this is against the market trend. Especially in Germany, the slaughterhouse easily filled the slaughter hooks. Overall, the number of pig slaughters increased by 1%, in Germany 2,5% more pigs were hanging on the hooks. More than three quarters (16,6 million) of pig slaughters take place in Germany. The number of cattle slaughtered also increased.
Tönnies director Andres Ruff, who took office a few months ago, indicated at the presentation of the annual figures that he had confidence in the future. However, pressure on the meat market has increased in recent months. In its own words, the market leader is well positioned to continue to grow in the coming years.
Record turnover for Westfleisch
Westfleisch, the third largest meat group in Germany, achieved a record turnover of €2017 billion in 2,75 (+11,4%). The rising turnover is a result of the increased meat prices. At the bottom of the line, Westfleisch booked no less than 16% more profit to €71,3 million. This increase is partly due to the insurance payment for the damages suffered in Paderborn (North Rhine-Westphalia) where a location went up in flames in 2016.
Like Tönnies, Westfleisch also realized more pig slaughters in the past year (+2,7% to 8,26 million). Given that Westfleisch sells 44% of its meat outside Germany, the slaughterhouse is heavily dependent on exports. Within Europe, sales increased by 10,5% last year. In China, on the other hand, sales fell by about 5%.
Investment planned
Now that the damage in Paderborn has been dealt with, Westfleisch is preparing for the future. At the presentation of the annual figures, the slaughterhouse indicated that it was planning a record investment. Although the exact details have yet to be revealed, it is already known that Westfleisch will not invest in new construction† The intention is that the money will be invested in the modernization of existing slaughter locations.
Wouter Job
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