Westfleisch gains additional market share and profit

The German cooperative slaughter group Westfleisch from Münster says it can maintain the number of pig slaughters this year. Also from a financial point of view, 2023 has worked out well so far. CFO Casten Schruck announced this to the members of the cooperative during the general annual meeting this week.

According to Schruck, the stable slaughter numbers mean that Westfleisch is gaining market share, given that animal numbers are under pressure. This is clearly reflected in the slaughter figures: In the first 23 weeks of this year, the number of pig slaughters fell by 7,3% to 17,7 million. Last year, however, Westfleisch lost a considerable market share when the number of pig slaughters fell by more than 10% to 6,51 million, according to recent figures from the ISN trade association. So far this year, the number of cattle slaughters is about 5% ahead of last year. 

Westfleisch is also booking black figures for the time being this year, the CFO said without going into details. In addition, the slaughterhouse is well on its way to implementing the cost reduction plan, which must amount to at least €10 million. This plan was launched in 2021 when Westfleisch plunged deep into the red. In 2022, the profit rose again to € 26 million, so it was in March already announced.  

Wouter Job

Wouter Baan is editor-in-chief of Boerenbusiness. He also focuses on dairy, pig and meat markets. He also follows (business) developments within agribusiness and interviews CEOs and policymakers.

w.baan@boerenbusiness. Nl

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