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Royal A-ware turnover grew by 20% to EUR 2.2 billion in 2021

16 June 2022

In 2021, Royal A-ware realised a turnover of EUR 2.2 billion, an increase by 20%. The net result rose to EUR 50.8 million, representing 2.3% of turnover. The company’s growth is the result of the consistent implementation of its long-term strategy and corresponding investment agenda. The number of permanent employees increased by 11% to 3,459 FTEs. Investments grew by 11% to EUR 65.5 billion in 2021.

Some key indicators for 2021:

  • Turnover EUR 2.2 billion (2020: EUR 1.8 billion)
  • Net profit EUR 50.8 million (2020: EUR 39.1 million)
  • Investments EUR 65.5 million (2020: EUR 59.0 million)
  • Average number of employees: 3,459 FTEs (2020: 3,120 FTEs)

Stable result despite a sharply increased milk price
With a net group result of EUR 50.8 million, Royal A-ware recorded a result of 2.3% of turnover. The weighted average milk price paid out by Royal A-ware rose sharply in 2021. The weighted average milk price (WP) paid out in 2021 was almost EUR 40 per 100 kilograms (at Dutch standard contents, excl. BIO) compared to a little over EUR 35 per 100 kilogram in 2020.

Healthy financial position
With a solid solvency of 29%, a strong operational cash flow and ample financing facilities, Royal A-ware is well positioned to continue investing, both in the Netherlands and abroad.

Sustainability has been an important theme for Royal A-ware for many years, in both the dairy and the transport business. In 2021, the company took further steps in the field of sustainability and it will present a new sustainability strategy by the end of 2022. Royal A-ware is and remains fully committed to making a positive contribution to our society and climate through a practical and effective sustainability policy.