News Pigs
Van Rooi Meat is still keeping profits at a reasonable level
While slaughterhouses often saw profits decline sharply in 2023, this applies to a lesser extent to Van Rooi Meat. The Helmond meat company also significantly increased its turnover to just under €1 billion.
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This is evident from the annual report of the umbrella holding company that was filed with the Chamber of Commerce at the end of last month. This shows that turnover increased by just under 2023% to €30 million in 993. It has never been this high before. Of this, €375 million is realized on the domestic market and €452 million within Europe (including non-EU countries). Outside Europe, Van Rooi achieved €168 million in turnover.
Strong balance
Profit after tax fell by 2023% to €13 million in 23,6. Profit is depressed by increased (interest) costs. Van Rooi is doing better than its Dutch competitors, who report larger profit declines in their annual report. The net profit margin of 2,3% is also relatively high. The solvency of 58% can also be considered strong. This continues the trend of previous years, when Van Rooi also structurally performed better than many other slaughterhouses in our country. Unlike previous years, no dividend was paid out, but the profit went entirely to the company's reserves.
Takeover of Tomassen
In the meantime, the company continues to grow steadily. In November 2023, Van Rooi announced that the Tomassen slaughterhouse from Someren in Brabant had been taken over. The annual report shows that this deal had already been concluded earlier, as the figures have already been included in the group result since July last year.