Record Results at Danish Crown

 Breaking News
  • UK Water Drinks Approach 4,000 Million Litres UK consumption of water drinks rose 7% in 2017 to nearly 4,000 million litres, with a retail value of £3.1 billion, according to a new report from global food and drink experts Zenith. Sales of plain bottled water in retail packs increased by 8% to over 3,100 million litres, while volume through bottled water coolers [...]...
  • Nestlé Brings Innovative Nitrogen Infused Coffee to the UK Nestlé is launching a brand new product for coffee fans in the UK and Ireland. Nescafé Azera Nitro is a coffee drink infused with nitrogen for a smoother taste. It will be available in Americano or Latte flavours. Nescafé Azera Nitro Americano is a refreshing and smooth black coffee infused with nitrogen. Nescafé Azera Nitro [...]...
  • ADM Realigns Business Segments to Further Accelerate Growth Archer Daniels Midland Company (ADM) has announced the realignment of its business segments across four units – Carbohydrate Solutions, Nutrition, Oilseeds and Origination. The new segments better reflect ADM’s operating structure and will enable the company to further highlight the differentiation of its product and service offerings and enhance its ability to respond to the [...]...
  • Highland Spring Selects Mainsaver CMMS Spidex has announced that Highland Spring, a leading supplier of natural source bottled spring water, has selected Mainsaver CMMS to support best-practice maintenance at its plant in Blackford, Perthshire. The new facility, part of a £50 million investment programme, officially opened in July 2017 and was designed to increase Highland Spring’s production capacity by 50 [...]...
  • Ornua Delivers Record Revenue Ornua, Ireland’s largest exporter of Irish dairy products which supplies to over 110 countries worldwide, has reported record revenue of €2.1 billion for the year ended 30 December 2017. It marks the first year of Ornua’s new five-year growth plan, ‘Ornua 2021’, which positions the business as a leading global dairy organisation that delivers results [...]...

Record Results at Danish Crown

Record Results at Danish Crown
December 01
13:36 2010

Reduced costs and improved results at its foreign subsidiaries were behind an increase in full year net profit from DKr1.16b to DKr1.65b (Eur220m) at international meat group Danish Crown. Revenue advanced from DKr44.76b to DKr45.21b at the group, which is Europe´s second largest pig slaughtering business.

Since May 2009, Danish Crown has been implementing an efficiency improvement programme – DC Future –designed to cut costs, restore competitiveness and improve earnings. The strategy is now starting to pay dividends.

A total of DKr1.32b will be paid out to the company’s owners, the highest level of supplementary payments in Danish Crown’s twenty years history. The supplementary payments will translate into DKr0.75 per kilogram for sow producers, DKr0.95 for pork producers and DKr1.25 for cattle producers.

Danish Crown’s foreign divisions also posted record earnings last year. The Danish group exports over Eur3.4 b of meat annually. This represents 3.9% of Denmark’s total exports and 39% of the country’s agricultural exports.

In recent years, Danish Crown has become increasingly international, and nearly two-third of the workforce is based outside of Denmark. ”This is a natural development for a company which exports approx. 90% of its production. Moreover, a continuous reduction in production costs is needed if we are to remain competitive. Today, 84% of our processing activities take place outside Denmark, and this is a precondition for being able to slaughter Danish pigs in Denmark, and thereby maintain a considerable number of workplaces in this country,” says Kjeld Johannesen, chief executive of Danish Crown.

About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • March 21, 2018World Olive Oil Exhibition
  • March 28, 2018FOOD INDUSTRY
  • April 4, 2018The leading event for the snack and food-on-the-go market
  • April 5, 2018Slow food The forum for good taste
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here