Royal A-ware achieves a turnover of 1.5 billion euros in 2019 with a stable resultPublication date: 05-08-2020
Almere, 5 August 2020 | In 2019 Dutch family owned company, Royal A-ware, had a turnover of 1.5 billion euros, which is an increase of 5% and a net profit of 21.5 million euros, up 3.5 million euros compared to the previous year. The total investments increased 12% to 102 million euros, particularly in the new mozzarella and cream plant in Heerenveen.
Key figures for 2019:
- Turnover was 1.50 billion euros (2018: EUR 1.43 billion euros)
- EBITDA of 72 million euros (2018: EUR 64 million euros)
- Net profit was 21.5 million euros (2018: EUR 18 million euros)
- Investments were 102 million euros (2018: EUR 91 million euros)
- Average number of employees in 2019: 2,856 FTE (2018: 2,665 FTE)
Stable and predictable result
Royal A-ware realized a stable result again in 2019. Revenue increased 70 million euros to 1.5 billion euros, a 5% growth. Net profit increased to 21.5 million euros (1.4% of turnover).
CEO Jan Anker: “In the year 2019, we focused on the construction of our mozzarella and cream factory and the further development of our company. We have been able to achieve a satisfying result. I would like to thank our employees for their commitment and our dairy farmers, customers and suppliers for their confidence in our company.”
Royal A-ware continues to roll out the investment agenda
As in previous years, in 2019 Royal A-ware made substantial investments, particularly in a new mozzarella and cream factory in Heerenveen. In order to continue to strengthen the position of the existing business units, investments have also been made in packaging and maturing capacity as well as in the fleet and logistics infrastructure of the logistics subsidiary AB Texel.
Due to the unpredictable market conditions, no expectations are expressed about the results for the current year. Despite the corona crisis and the expected (worldwide) recession, ongoing projects, such as the construction of a new cheese factory in Ireland, will continue unabated. Royal A-ware celebrates its 130th anniversary this year and will continue to invest in strengthening its position in the short and long term in these challenging market conditions.