the area of innovation. The organisation will be adapted to this way of working. “Secondly, in the current market
conditions ForFarmers is uniquely well placed to distinguish itself in each individual market and segment in providing a differentiated offering, driven by the local situation of each sector. The offering can range from total solutions to optimise returns, to supplying specific products that best meet the livestock farmer’s needs amid challenging market conditions. “Thirdly, ForFarmers will focus more
emphatically on sustainable solutions which address wider societal issues such as the use of alternative raw materials, circularity and further reducing nitrogen and other emissions. In this context ForFarmers will intensify its efforts aimed at cooperation between the supply chain parties in the various markets. This cooperation is important both ecologically and economically and constitutes the fourth principle. “Finally, ForFarmers will remain true to
the – fifth – principle, which is to supply good feed at competitive prices that contribute to business profitability for both ForFarmers and its customers. For this, ForFarmers continues to focus on optimally efficient and effective business processes.”
Mergers and acquisitions: strengthening and broadening In order to strengthen or broaden selective positions in their home markets as well
as to enter new markets with added growth potential, ForFarmers is looking for opportunities for mergers with or acquisitions of candidates that are a good cultural fit (in terms of both country and business).
Transition to further sustainability The livestock farming industry is faced with the challenge of feeding an ever-growing number of people while at the same time reducing the impact that the production of animal proteins has on the climate and on nature. In its Strategy 2025, reflected in the third and fourth principle, ForFarmers is therefore giving the Going Circular sustainability agenda an extra boost. Accordingly, in order to create even more focus, a new organisation is formed that includes the activities of Reudink (organic feed) and the co-products to develop and market concepts that address societal concerns regarding matters such as climate, animal welfare and former food stuffs. This will start with in the Netherlands. Examples include concepts which use alternative raw materials or incorporate more moist co- products and residual flows from the food industry. Concepts such as these are an essential factor in establishing collaborative partnerships in the supply chain, from feed company to retailer. Such concepts are also crucial to livestock farmers and other stakeholders in pursuing the current trend towards net zero.
#ProudtobeForFarmers As part of the strategy review ForFarmers have adjusted their core values. The success of the strategy is largely dependent on the attitude and efforts of employees and management. Their values Passionate, Responsible, Open- minded, United and Delivering are more than just words to ForFarmers; they provide a concrete guideline for our daily interactions with customers, chain partners, stakeholders – and each other. Financial objective With this revised strategy ForFarmers aims for a consolidated return on average capital employed (ROACE) of at least 10% based on underlying operating profit (EBIT) by 2025, barring unforeseen events. The company will refrain from making statements about (annual) targets for the development of underlying EBITDA in view of the changing markets, in which important policy decisions are still forthcoming, as well as the continuing geopolitical and macroeconomic uncertainties. The dividend policy will remain
unchanged and is aimed at distributing a cash dividend of between 40% and 60% of underlying net profit.
Software for life Optimise processes Reduce labour User friendly 24/7 support Performance monitoring Flexible and configurable Stock control and traceability
Advanced control, planning and information software for feed and grain plants Part of the Valsoft group
Tel : +44 (0) 1159813700 Email :
sales@dsl-systems.com Web :
dsl-systems.com
Tel : +44 (0) 1260277025 Email :
sales@datastorsystems.com Web :
datastorsystems.com
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