The group’s operating result increased by 79.3% to RON33.2 million as milk and grain prices dropped.
The company achieved higher revenues supported by the increase in livestock and milk production, improved performance resulting from production cost optimization and new investments in automation.
“By adopting sustainable practices and modern technologies, we have ensured both the quality and the sustainable development of the business. We have focused on operational investments, both for expanding production capacity on current farms, as well as for preparing young cattle for the Straja project, which we will launch next year. We are preparing projects for 2024, including continuing the installation of robots on farms, installing photovoltaic panels, and developing the compost factory, according to the investment plan,” stated Jan Gijsbertus de Boer, Chairman of the Board, CEO, DN AGRAR Group SA.
In the first nine months of 2023, DN AGRAR’s livestock, consisting of milking cows and young cattle, reached nearly 13,000 heads, a 20% increase compared to the same period in 2022. The quantity of milk delivered was 41 million liters, a growth of 15.8% compared to the same period of the previous year.
The company has a RON210 million capitalization. Its shares have climbed by 81% in 2023 amid RON21 million deals.
(English version by Catalina Apostoiu)