Annual Report 2021

For the future
of farming

Message of the CEO

“For ourselves and our customers 2021 was a turbulent year in which we were impacted by challenges including rising input costs, animal diseases and pressure on the agricultural sector.”

“We fully dedicate ourselves to a sustainable future for our stakeholders in line with our mission For the Future of Farming.”

Yoram Knoop, CEO ForFarmers N.V.

ForFarmers in brief

#1
#1 European Total Feed
solutions provider
10 mT
Total Feed volume
around 10 mT
35
Production locations
26.000
Servicing over
26,000 farmers
2.500
Approximately 2,500
employees in 2021
1896
Founded as a
cooperative
EU
Based in the Netherlands
(head office), Belgium,
Germany, Poland and
the United Kingdom
15
Acquisitions since
2014
AScX
Listed on Euronext
Amsterdam since 2016
AA
AA-status in
MSCI ESG rating

Key data



Revenue

2.671 € x million 2020: 2.352 mln



Gross profit

436,3 € x million 2020: 433,2 mln


Underlying
EBITDA

78,2 € x million 2020: 96,2 mln


Operating
profit

40,7 € x million 2020: 61,6 mln


Earnings
per share

0,32 2020: 0,49


Dividend
per share

0,29 2020: 0,29


GHG emissions
production

18,6 (kg CO2 per tonne) 2020: 19,7 kg


GHG emissions
logistics

8,0 (kg CO2 per tonne) 2020: 8,7 kg


Responsible
soy and palm oil

75% soy 70% palm oil 2020: 75% / 70%



Gender diversity

22% (% woman) 2020: 21%



LTI's

28 2020: 24


Feed safety
incidents

3 2020: 8

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:

Build to Grow 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 2021 (full) Letter from the CEO Results 2021 Our mission For the Future of Farming Our strategy Build to Grow 2025 Our sustainability agenda Going Circular