Annual Report 2022

Annual Report 2022

For the Future
of Farming

Letter from the Executive Board

All things considered, we are pleased with the results of ForFarmers over the past year.

Our employees have made a huge effort to help our farmers to be delivered on time and by appointment.

ForFarmers in brief

9 mT
Total Feed volume
around 9 mT
67%
Around 67% of feed ingredients not suitable for human use consumption
35
Production locations
26.000
Servicing over
26,000 farmers
2.500
Approximately 2,500
employees in 2022
EU
Based in the Netherlands
(head office), Belgium,
Germany, Poland and
the United Kingdom
AScX
Listed on Euronext
Amsterdam since 2016
AA
AA-status in
MSCI ESG rating

Key data



Revenue

3.315 € x million 2021: 2.671 mln



Gross profit

494,8 € x million 2021: 436,3 mln


Underlying
EBITDA

76,1 € x million 2021: 78,2 mln


Operating
profit

38,9 € x million 2021: 40,7 mln



ROACE EBIT

7,8% 2021: 8,4%


Dividend
per share

0,20 2021: 0,19 + 0,10


GHG emissions
production

12,0 (kg CO2 per tonne) 2021: 18,6 kg


GHG emissions
logistics

8,0 (kg CO2 per tonne) 2021: 8,0 kg


Responsible
soy and palm oil

75% soy 70% palm oil 2021: 75% / 70%




Gender diversity

22% (% woman) 2021: 22%




LTI's

17 2021: 28



Feed safety
incidents

5 2021: 3

Who we are and what we do

Our mission:

For the Future
of Farming

Our mission ‘For the Future of Farming’ is indicative of the confidence we have in the future of the agricultural sector. Our efforts are aimed at the continuity of the farming business and further enhancing the sustainability of the agricultural sector and, with that, the responsible production of food.

Our strategy:

Strategy 2025

We aim to contribute to sustainable livestock farming and to be able to realise growth through delivering innovative feed concepts, with more digitization and even better services to customers. In addition, we focus on growth through acquisitions.

Our sustainability agenda:

Going Circular

Converting low-grade ingredients into high-quality food, without waste and without pollution: our contribution to the challenge of feeding the growing global population whilst reducing the impact of food production on climate and nature at the same time.

Downloads
Annual Report 2022 (full) Letter from the CEO Results 2022 Our mission For the Future of Farming Our strategy Build to Grow 2025 Our sustainability agenda Going Circular