February 11, 2019
Vilofoss Group achieves best results for financial performance in 2018
Vilofoss, DLG's global business for premix and nutrition, achieved its best year for financial performance in 2018.
Positive results are especially witnessed in Vilofoss' businesses in Germany and Denmark.
Vilofoss had a revenue of EUR403 million (US$456 million) last year and made an operating result (EBITDA) of EUR22.5 million (US$36 million). Profit before tax was EUR18.1 million (US$20.5 million) compared to EUR17.1 million (US$19.3 million) in 2017 - an increase of 6%.
"We are very satisfied with the result in Vilofoss. We have had great focus on customer advisory services, exploited better synergies across the group, streamlined production at our 15 factories and expanded production at several plants," said Jacob Holm, CEO of the Vilofoss Group.
"In addition, all our companies changed their names to a common brand, "Vilofoss", in 2018. This has given us a stronger common identity among the employees, better purchasing conditions and competitiveness."
With a market share of 20% for feed mixes in Europe, Vilofoss is one of the leading players in the European market for vitamins and minerals.
At the beginning of 2019, Vilofoss bought the French company, ARC, a specialist in piglet feed. With another French factory, Vilofoss now has five French factories that lead the sales of specialty feed in France.
"The Vilofoss Group annually produces 375,000 tonnes of vitamins and minerals and is setting the agenda for European livestock production. Our ambition is a continued international growth strategy with investments in increased production capacity and strategic partnerships. In addition to our strong position in Europe, we are also growing in the global markets with our specialty products, including two new sales companies in North America," Holm said.