For financial year 2022/2023, potato breeder Royal HZPC Group B.V. reports substantial growth in sales. Gerard Backx, CEO Royal HZPC Group B.V., underlines that the important growth in volume, is mainly in Asia and America.
On 5 October 2023, the Supervisory Board of Royal HZPC Group B.V. discussed the annual accounts for the 2022/2023 financial year. On 17 October 2023, the General Meeting of Shareholders considered and adopted the financial statements.
Impressive Growth
The potato breeder's turnover is €420 million, up from €350 million 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 in 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.
Stable Result
The result was €7.1 million in 2022/2023, comparable to the result of €7 million in 2020/2021. The result for both years excludes the costs of the Connecting Growers program. Royal HZPC Group B.V. bought a total of 16,311 certificates for €1.1 million over the financial year for the program. The General Meeting of Shareholders was again able to set the dividend at €6 per certificate.
The potato breeder is focusing on more efficient internal processes and investing in its research activities. Gerard Backx emphasizes the importance of these 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.
More information is here www.annualreport2022.hzpc.com.
Key figures from the annual report
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2022/2023
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2021/2022
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Turnover (* 1000 €)
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420,857
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350,309
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Company result (* 1000 €)
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10,916
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8,018
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Netto result (*1000 €)
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5,964
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5,550
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Netto result excl the costs of the
Connection Growers Program (*mln €)
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7.1
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7.0
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Equity (*1000 €)
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54,296
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54,471
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Balans Total (*1000 €)
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136,931
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134,797
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Number share certificates
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783,725
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783,725
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Profit per share (* €)
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9.01
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9.00
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Dividend per share (*€)
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6.00
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6.00
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Price per certificate as at 30/6 (*€)
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76.27
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76.60
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