DLG increases the revenue in Germany by EUR 200 million

In 2018, DLG yielded a strong account for the Group’s three subsidiaries in Germany. The business areas Energy & Service and Premix & Nutrition both delivered record profits, while Agribusiness in Germany, like the rest of the countries in northern Europe, has been affected by the small harvest. 

The revenue in DLG’s German companies was EUR 4.2 billion (EUR 3.9 billion in 2017) and the operating profit (EBITDA) of the year was EUR 108 million, which is at the same level as 2017. Thus, DLG is the Danish company with the largest turnover in Germany. Group CEO Kristian Hundebøll says:

 “2018 was another good year for our German subsidiaries, who contribute with more than half of DLG Group’s operating profit. Naturally, we can only be very pleased with that. This is definitely our biggest market, and Germany remains a very important strategic growth market for us.”

Agribusiness: HaGe with a sound result

DLG’s German farm supply company, HaGe, was affected by a 30% fall in harvest. Northern and eastern Germany were particularly severely affected. The revenue amounted to EUR 2.1 billion with operating profit (EBITDA) at EUR 26.4 million. 

“As one of Germany’s absolute largest grain procurers, HaGe was naturally severely affected by a significantly smaller grain availability which in turn meant limited export opportunities out of Germany. It has also left its mark on the sale of crop products. On the positive side, a good sale of seeds and growth in southern Germany within commodity sales and the purchase of crops added to the growth. We have efficient logistics in the German market and our current capacity expansions in Rostock and Heidenau will be ready for the harvest of 2019, which will further strengthen our competitiveness,” says Kristian Hundebøll.

Energy & Service: Record accounts in Team 

DLG’s German energy company Team AG delivered its best accounts yet. The revenue amounted to EUR 1.9 billion with operating profit (EBITDA) landing at EUR 66.3 million.

Team delivered the best result ever and a significant increase in earnings both in energy and DIY stores. 

“Team is the DLG Group’s best-earning subsidiary, so of course we are very pleased. It is satisfying that our strategic investments in the business in recent years have been a success,” says Kristian Hundebøll, who expects Team to continue with good potential in 2019. 

 Premix & Nutrition: Record result in Vilofoss Germany

Vilofoss Germany (formerly Deutsche Vilomix), which is part of DLG’s Premix & Nutrition activities, posted a revenue of EUR 161 million and a record operating profit (EBITDA) of EUR 10.3 million. Kristian Hundebøll says:

“Vilofoss Germany once again delivers a strong result, mainly carried by a very positive development in sales of cattle and poultry minerals. Thus, Vilofoss further strengthens its position as an absolute leader in Germany in the sale and advising of premix and nutrition.”