Annual Report2020

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Total Feed volume

around 10 mT

Gross profit

433.2 € mln.

Underlying EBITDA

96.2 € mln.

Message from the CEO

We look back on 2020 as a turbulent year, dominated by the Covid-19 pandemic and its consequences. Given the circumstances, our results were more than satisfactory. In March last year, we immediately took measures to prevent the coronavirus from spreading and ensure we could continue to produce and supply feed. Thanks to the enormous commitment of our employees we were able to continue to provide a good service to our customers.

The new market reality

According to the Food and Agricultural Organisation of the United Nations (FAO) in around 30 years’ time up to 70% more food will be needed to feed the world’s growing population. ForFarmers is part of the food chain, which is faced with addressing this challenge. With our Total Feed approach we contribute to the sustainable production of animal proteins, a key component of a varied diet. In the short to longer term there are trends in our chain that offer both opportunities and pose threats.

Our strategy:
Build to Grow 2025

With its strategy Build to Grow 2025, ForFarmers emphasizes its objective to optimise business operations, with process optimisation and cost efficiency as key pillars. With innovative concepts, more digitalisation and by providing an even better service to our customers we believe we can both contribute to the sustainability of livestock farming and achieve organic growth in the challenging home countries. In addition we will focus on growth through acquisitions in our home markets as well as in two new growth markets, possibly outside Europe.

Our innovation and sustainability agenda: Going Circular For the Future of Farming

Both the agricultural industry and the food industry are faced with the challenge to feed the growing global population, whilst reducing the impact of the production of food on climate and nature. Sustainable and safe production of animal feed, and hence food, can only be achieved through innovation. This is what ForFarmers does and for which we have launched our sustainability agenda Going Circular, which focuses on transforming low value materials into high quality food, no waste of resources and zero pollution.

Our mission
For the Future of Farming

Developing talent
For the Future of Farming

ForFarmers in brief