” Increasing our livestock to approximately 15,000 head and production optimization has led to a 14% increase in milk deliveries in the first 9 months of 2024″, the report reads.
Operating expenses increased by 10% in the first nine months of 2024 compared to 2023, reaching RON162 million. The main contributor was the increase in valuation adjustments for tangible and intangible fixed assets, which reached RON19 million, up with 20% versus the same period of last year. This evolution is linked to the reevaluation of fixed assets in DN AGRAR farms, which increased by 12% compared to the same period in 2023, according to company representatives.
DN AGRAR has delivered approximately 47 million liters of milk in the first 9 months of 2024, a 14% increase compared to the same period of 2023. This performance was supported by an increase of over 17% in livestock, reaching approximately 15,000 heads at the end of September. In the first nine months of 2024, the average of milk delivered monthly, exceeded 5 million liters, the report also shows.
“DN AGRAR’s approach to managing financial performance focuses on strategic investments, operational efficiency, and adaptability to market conditions. The company’s ability to respond to market dynamics, including the volatility of the dairy market and regulatory requirements, highlights our commitment to maintaining a strong financial position and delivering long-term value to stakeholders. Key achievements include strengthening our market position and achieving solid operational and financial results”, stated CEO Jan Gijsbertus de Boer.
DN Agrar is 74%-owned by Dutch Advies Group and has a market value of RON253 million.