The Vilofoss Group achieves the best results ever
The Premix & Nutrition group Vilofoss achieved the best result ever, with a strong performance boost, especially in Denmark and Germany. Vilofoss had a revenue of EUR 403 million in 2018 and made an operating result (EBITDA) of EUR 22.5 million. Profit before tax was EUR 18.1 million compared to EUR 17.1 million in 2017, which is an increase of 6%.
“We are of course 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. In addition, all of 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,” says CEO of the Vilofoss Group, Jacob Holm.
With a market share of 20% for feed mixes in Europe, Vilofoss is one of the leading players within the European market for vitamins and minerals.
Strong international growth
At the beginning of 2019, Vilofoss entered a joint venture with the French company, ARC, a specialist in piglet feed. With another French factory, Vilofoss is with five French factories leading the sale 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,” says Jacob Holm.