Vion with cautious recovery of results in 2009

by Editor fleischwirtschaft.com
Thursday, May 20, 2010

Vion Food Group reported a cautious recovery of its results in 2009 as net profit grew from €54 million to €62 million. This growth was due to a combination of product innovation, focused commercial activity, and cost reductions. Turnover increased by 5% to €9 billion.

In spite of lower market prices, total turnover grew as a result of full year contributions from companies acquired in 2008 that helped to increase production volume. Parts of the Vion Food Group were restructured during the year under review, as the company invested in product innovation, and sought to develop synergies and improve efficiency throughout the Group. The company employs more than 27,000 staff. The head office is in Son en Breugel, the Netherlands.

Three home markets

Those companies that had been acquired in 2008 were integrated into the Group and two companies, one in Asia and one in Australia, were sold in 2009, enabling Vion Food to better concentrate on its three home markets of the Netherlands, Germany and the United Kingdom. European consumers' behaviour adversely affected the entire meat production chain during this recessionary period. Consumers dined in more, preferred pork and chicken to lamb or beef, and had a tendency to buy lower priced products.

Ingredients: innovation and sustainability

Vion Ingredients' activities were successful in a stable market in 2009. The companies Ecoson and Rendac are further developed as producers of sustainable biofuels. Other spearheads are the projects to save energy and water, and improve technology and production.

The pharmaceutical company Banner did well in the year under review as it continued to focus on its strategy of product leadership. There was pressure on margins at Oerlemans Foods, which produces fresh frozen fruit, vegetable and potato products, due to large stocks resulting from good harvest yields.
stats