"Aquaculture, not the Internet, represents the most promising investment opportunity of the 21st Century."
- Peter Drucker, Management Expert & Economist
- Peter Drucker, Management Expert & Economist
2017-03-10Record results for BioMar | |||||||||||||||
BioMar has reported that 2016 has been its most profitable year on record, with group EBIT increasing from DKK 447 million (€60 million) in 2015 to 581 million (€78million) in 2016. At the same time working capital was reduced from DKK 752 million to DKK 414 million, leading to a strong cash flow from operations. Revenue ended up slightly lower than last year with a modest increase in volumes. "We are very happy to deliver the best results ever in BioMar Group and strong numbers for some years in a row, even though we have faced difficulties and lack volumes in some of our important markets, especially Chile due to the algae bloom and strikes," explains Carlos Diaz, Group CEO. During the last years BioMar has worked systematically improving the internal performance by emphasizing focus on product innovation, margin management, process improvements and employee development. Externally a continuous effort has been dedicated to working in close collaboration with customers bringing products and solutions to the market, contributing to meet increasing demands from retailers and consumers in regards to sustainability and health profile. The foundation for the work has been the four guiding principles: Innovation, cooperation, Sustainability and Performance. "It is clear that our new strategy "Shaping the future" is leading to tangible results. We decided to continue as the only focused global aquaculture feed company enhancing local agility and global excellence. I firmly believe that we start to see how we are differentiating ourselves from our main competitors being close to the customers in the markets and delivering customer focused global innovation with short time to market", states Carlos Diaz and continues: "We are optimistic about the future even
though we will be facing highly competitive markets. We have in 2016 planted
various seeds to ensure our future growth and profitability. First of all, we
opened our factory in Turkey, now being directly present in the second largest
market in Europe. Secondly, we planted a solid footprint in China. We started
the construction of a new factory in Wuxi and acquired another in Haiwei in the
south of China. Thirdly we are progressing as planned with the construction of a
new line in Karmøy as well as additional logistic investments including our new
gas-driven ship in order to increase flexibility - bringing the Norwegian
capacity up to 600.000 tons. And on top of these expansions we fortified our
organization making us ready for the challenges of tomorrow. One example is
building a global R&D Centre with a strong link to the business and with
own high-end trial facilities in Europe as well as America, where we started
the ATC Patagonia Centre, a state of the art facility in Chile".
The BioMar Group is a leading supplier of high-performance feed to the global aquaculture industry. Currently, BioMar operates 12 feed factories in Norway, Chile, Denmark, Scotland, Spain, France, Greece, Turkey and Costa Rica. Roughly one out of five farmed fish produced in Europe, South and Central America is fed on BioMar fish feed. Worldwide, BioMar Group supplies feed to around 80 countries and for more than 45 different fish species. The BioMar Group is wholly owned by the Danish industrial group Schouw & Co, which is listed on the Copenhagen Stock Exchange. | |||||||||||||||
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