Roskilde, Denmark
November 14, 2104
With a turnover of EUR 447m and Earnings before Interest and Tax (EBIT) of EUR 23m, the DLF-TRIFOLIUM Group presented a record-high revenue in 2013/14 at the Annual General Meeting 28 October 2014. The revenue growth of 28% is based on a volume growth of 33%. DLF-TRIFOLIUM, who is the global market leader in the temperate grass and clover seed business, recorded a significant increase in revenue outside Western Europe
While the revenue growth in Europe is slightly positive with an increase of three percent, the DLF-TRIFOLIUM Group's sales outside Europe more than doubled in 2013/14. Investments in North America reflect significant growth in the North American continent, but sales have also increased in China and Australasia, adding to the result. The growth outside Europe contributed with more than EUR150m to the revenue. The DLF-TRIFOLIUM Group revenue was EUR 447m in 2013/14, representing a growth of 28%.
Strategic focus on growth outside Europe
Truels Damsgaard, CEO of DLF-TRIFOLIUM, suggests several explanations for the financial figures:
- The result is created through a great performance by all Group Companies. The acquisition of the Pickseed Group of Companies in 2013 and the following integration of Group Companies in the US and Canada has been a key focus area. The integration process has been very positive, and the North American companies have contributed with strong earnings.
- It has been a strategic target over the last few years to achieve growth outside Western Europe, and it is very satisfying that our global focus has resulted in increased sales outside the European core market, says CEO Truels Damsgaard.
The geographic structure of the DLF-TRIFOLIUM Group sale of seed reflects the global approach. 40% is sold in Western Europe, 14% in Eastern- and Central Europe, Russia and the CIS countries, 30% is allocated to North America, 10% to Australasia, and 6% to other areas.
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