HZPC books record turnover and gross profit › HZPC

HZPC books record turnover and gross profit

06-10-2017

During the shareholders’ meeting on 5 October HZPC announced that a consolidated net turnover of €318.5 million has been determined for the financial year 2016/17. The gross profit is €59.3 million and the net result is €8.5 million. A dividend of €7 per HZPC certificate has been determined, which is €1.25 higher than the previous year and €2 above the five year average. With this net turnover and gross profit, HZPC has achieved new record figures. A higher net profit was only achieved in the financial year 2013/14.

The takeover of the assets and seed potato activities of KWS Potato together with an acquisition in Russia have contributed to the higher HZPC year figures. In addition to this, the growth is also due to the continuing growth in seed potato acreage and the corresponding increase in seed crop production and ‑trade.

In the last year, HZPC Holding achieved a milestone of 800,000 tonnes of seed potatoes sold (also under licence).

Gerard Backx, CEO of HZPC Holding says:  “This excellent result will enable HZPC to invest further in existing and new markets, in new breeding techniques, and in product development. Our investments in these activities in the past year have already increased according to plan and good results like these enable us to innovate and expand further.”

At the end of October 2017, HZPC will publish its digital annual report via the website.

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