Reports and Presentations

Demonstrating resilient business model with sustained volume growth and solid earnings

We have once again proven our resilient business model. In a first quarter characterised by significant geopolitical turbulence, we delivered strong results across our feed segments with growth in volumes as well as in earnings per tonne of feed sold, while minimising the negative effects of the turbulence for our customers. Feed volumes increased by 7% year on year in Q1 to a new record-high level for a first quarter, while EBIT decreased 6% in line with expectations as a strong increase in EBIT in the feed business was offset by reduced earnings in Tech Solutions, reflecting tech sales being temporarily softened during business transformation. ROIC including goodwill increased to 23.5%.