Successful year for Topigs Norsvin: turnover grew by almost 10%

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After the record year of 2020, 2021 was again a successful year for Topigs Norsvin. The turnover rose by almost 10% to € 209 million. In 2021, the gross profit was € 24.1 million, which is slightly lower than the record result of 2020. However, at € 6 million, the result after taxes was comparable to that of 2020. The net cash flow saw a steep rise to € 9.2 million in 2021 is six times higher than in 2020.

With
these excellent results, considerable investments can be made in accelerating the genetic progress and distributing this faster to our clients. A fine example of such genetic progress is the new nucleus breeding location Innova Canada, which will become operational later this year.

CEO Villaume Kal: We have achieved great results, thanks to everyone in the Topigs Norsvin team. Even though everybody experienced the impact of COVID19, just like in 2020, we worked with passion under challenging circumstances to respond well to changing market conditions. For this, Id like to express my gratitude and appreciation.

The growth in the sales of sows and semen continued unabated in 2021. Sales of the TN70 sow rose with double figures worldwide. Among the terminal boars, TN Tempo terminal boar sales exceeded expectations. In the US and several other countries, the new TN Duroc terminal boar made a flying start.

Mark Tijssen, chair of Supervisory Board: Our genetics appeals to the market. The breeding choices that we make as an organization managed by pig farmers fit our clients’ management systems and the requirements posed by the market and by society. That results in improved pig welfare, higher profits for pig farmers and satisfied consumers.