Significant Increase in Sales for the Royal HZPC
The potato grower Royal HZPC Group B.V. reports a significant increase in sales for the 2022–2023 fiscal year. The CEO of Royal HZPC Group B.V., Gerard Backx, emphasizes that the significant increase in volume is mostly occurring in Asia and America.
The Royal HZPC Group B.V. Supervisory Board has talked about the annual accounts for the 2022–2023 fiscal year. The financial results were reviewed and approved by the general meeting of shareholders on Tuesday, October 17, 2023.
“The potato breeder's turnover is EUR420m, up from EUR350m the previous year. In 2021-2022, Royal HZPC Group B.V. sold almost 900,000 tonnes of seed potatoes directly or through licensees, this has increased to 944,000 tonnes in 2022/2023. The increase in sales was strongly driven by higher selling prices due to higher transport costs. Royal HZPC Group B.V. sells many seed potatoes delivered to the country of destination. The growth in tonnages mainly takes place outside Europe. With licensed growing, great progress is being made in Asia and America,” according to a recent press release.
Comparable to the EUR7m result in 2020–2021 was the EUR7.1m outcome in 2022–2023. The Connecting Growers program's expenses are not included in the results for either year. For EUR1.1m during the fiscal year, Royal HZPC Group B.V. purchased 16,311 certificates in total for the program. Once more, the dividend might be decided upon by the General Meeting of Shareholders at EUR6 per certificate.
The potato breeder is focusing on more efficient internal processes and investing in its research activities.
“By investing in new business systems and reviewing business processes, we aim to increase the efficiency of Royal HZPC Group. By investing in research, we can develop new potato varieties that contribute to a sustainable and liveable future. In the coming years, we will introduce many new robust varieties with important resistances. These varieties can do with much less chemicals and water and provide good yields even under challenging conditions,” Backx concluded.
