News Pigs
Van Loon Group sees results rise from valley
Van Loon Group achieved more turnover last year than the year before. Profitability shows a considerable improvement, after a few lesser years.
Read this article?
Become a subscriber and get instant access
Choose the subscription that suits you
Turnover rose by more than 5% last year to a new record of €1,12 billion. The result after tax came to €7,88 million, resulting in a net profit margin of 0,7%. While this is still on the tight side, profitability has nevertheless improved significantly compared to 2023, when net income came to €387.550.
Cost inflation was less pronounced last year than in previous years, which explains the higher profitability. The company spoke of challenging times at the time. The result for 2024 will be added to the company's reserves. Solvency will drop, from over 50% to 42,7%.
Growth agenda
Meanwhile, the company that has grown rapidly in recent years continues to develop. In January 2024, Conveni Landgraaf was acquired. The butchery activities of supermarket chain Hoogvliet were also purchased last year. In addition, the stake in the Belgian Q-Group was increased by a quarter to a majority stake. A total of around €16 million was set aside for the above-mentioned purchases. In addition, it was announced in October last year that the boning establishment for pork in Roosendaal will close, which has now happened.