EURALIS continues its growth trend in the 2018/2019 financial year
Feb. 18, 2020
Net sales continue to grow by 2.3% compared to 2018, which is due in particular to the international growth of the Seeds business area. At EUR 45 million, the restructuring of the food business division led the EBITDA to fall short of the previous year. Gross sales are EUR 1.35 billion.
EURALIS continues to aim to support its agricultural members, innovate in all business areas and offer high quality products. EURALIS pursues its innovation policy in all activities: EUR 29 million was invested in research and development in the 2018/2019 financial year.
The seed business continues to grow with an 8.4% increase in sales due to its international growth. In contrast, the results of the Agriculture division are declining due to falling grain prices. The past year of the food division was marked by restructuring, which had a major impact on the overall result of the group.
Christian PÈES, President of EURALIS: "The agricultural and food industry is changing. The economic situation is difficult, the social expectations are numerous, sometimes contradictory and the regulations are plentiful. Our cooperative must support these profound changes. To this end, we are implementing our restructuring We make strong decisions that commit EURALIS to sustainability, always by putting farmers at the center of our business. I trust that we have the resources to do so. "
Philippe SAUX, Deputy Managing Director of EURALIS: "Our cooperative group anchored in the southwest confirms its strength. Thanks to the tireless commitment of our employees, we continue to use effective know-how. On this basis, we use our innovations, international development and continuous development to continue our development We continue to improve the performance of each of our businesses. I am confident for the future and I have no doubt that these strategies, combined with our determination, will be successful. "
Editor's note: This article was originally published in German. This English summary has been prepared with Google Translate and edited for clarity.
More from AgroNews
Subscribe to daily email alerts of AgroNews.