News Topigs Norsvin
Strong turnover growth for Topigs Norsvin
Pig genetics company Topigs Norsvin has achieved strong sales growth. Investments in innovation and product development have brought sales to a new record.
For the whole of 2019, the company achieved a turnover of €165 million, an increase of more than 21%. The operating profit even increased by 64% to more than €11 million.
Mark Tijssen, chairman of the Supervisory Board of Topigs Norsvin, says he is proud of the result achieved. “The best result ever. It proves that our strategy is working and that investments in innovation and product development are paying off. Topigs Norsvin is a very strong and healthy organization with excellent solvency and liquidity. An excellent foundation for further growth”.
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Topigs Norsvin continues to invest worldwide in genetic advancement, distribution and technical support. The budget for Research & Development has again been increased. According to the company, the major investments in IT, customer research and meat quality also contribute to accelerating genetic progress and improving the bottom line for its customers.
According to Villaume Kal, CEO of Topigs Norsvin, the company's market share is increasing worldwide and this trend will continue in 2020. About the corona crisis, he says: "Of course the current COVID-19 crisis presents challenges for everyone, but in the long history of Topigs Norsvin we have often faced major challenges. We are resilient, are there for our customers and believe in the strong sector. Here too we come out strong together.”
Chanti Oussoren
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