March 28, 2011
Cefetra reports record turnover
Turnover for Cefetra in 2010 grew from 15.2 million tonnes of commodities to a record volume of 18.9 million tonnes, a 24% increase compared to 2009.
For the fourth year in a row Cefetra has shown remarkably good profits. A net profit of EUR21.4 million (US$30.1 million) over 2010 was just below 2009's record, which was at EUR22.3 million (US$31.3 million).
Cefetra attributes its excellent financial result to various factors: the geographical spread of Cefetra's markets, the breadth of its product portfolio, the efficient use of its storage and transhipment facilities, high-quality market analysis and strict risk management.
It was during the second half of the year in particular, when volatility greatly increased again, that strict and consistent risk management proved its worth. By spreading the risk across the broad product portfolio and among the various origination areas, Cefetra was in a position to achieve excellent margins, even in volatile markets.
Cefetra supplies commodities to the animal feed industry, the food industry and the bio-fuel industry. The company has branches in the Netherlands, Poland, Hungary, the UK and Canada and it is one of the most important European suppliers of agricultural commodities.
Cefetra achieved its growth in turnover by widening its product portfolio, but also largely through its powerful autonomous growth within its existing product groups. Its market share increased in all areas of activity.
