DLF reports record earnings for the financial year ending June 30, 2018
The global seeds group reported a revenue of DKK4.325bn (€580m) in 2017/18 which was an increase of DKK800m (€107m) compared to last season.
The acquisition of MariboHilleshög, DLF Moore Seed in Canada and organic growth of approx. 3% have contributed significantly to revenue growth. Group EBIT totaled DKK247.9 (€33.2m). The Group's consolidated profit after tax was DKK184.5m (€24.7m), an increase of 15%.
Truels Damsgaard, CEO, points to several explanations to the financial result.
"Our international presence, together with a strong focus on research and product development, supply and logistics chain, means that we are well positioned to meet customers' diverse needs. It has also resulted in more and new customers to DLF during the financial year. "
DLF presented the financial result 2017/18 at the Group's Annual General Meeting on October 30. Find more key figures and information about DLF in the business report, “We turn science into growth 2017/18