News Pigs
Exceptionally stable results at Van Rooi Meat
Van Rooi Meat's revenue and profit have fluctuated considerably in recent years, but the 2024 figures are remarkably stable. While revenue declined slightly, profit increased slightly. Equity has further improved.
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The annual accounts filed with the Chamber of Commerce show that turnover fell by €3 million to €990 million, a decrease of less than 0,5%. The bottom line was a profit of €25,2 million, compared to €23,6 million in the previous financial year.
The stable results contrast with previous years, when turnover rose rapidly, partly due to higher pig prices, and profits fluctuated. Solvency improved last year from 58,1% to 63,5%, which can be considered very solid. The company has relatively little debt and substantial financial reserves.
€399 million of the turnover was generated in the domestic market. Approximately €430 million came from the European market, the majority of which is within the EU. Sales outside Europe amounted to approximately €166 million. This figure, too, shows relatively little variation compared to the previous fiscal year.
Lower pig price in 2024
The picture is also stable on the cost side. The cost of raw materials and consumables (which includes pig and cattle prices) amounted to €769 million last year, compared to €770 million a year earlier. It is noteworthy, however, that Van Rooi's pig price in 2024, averaging €1,84 per kilo, was considerably lower than in 2023, when the year-round average price was €2,05.