DLG pays EUR 12.3 million to the Danish owners

DLG has paid out a dividend of EUR 12.3 million and has thereby distributed EUR 58.8 million in the last four years to the Danish farmers. This is a very solid result in light of a difficult year with a historically small harvest in DLG’s main markets in northern Europe. It has influenced DLG’s business area of Agribusiness. The Group stands on three strong strategic legs and both Premix & Nutrition and Energy & Service are delivering record results.

“We have declared a profit of EUR 12.3 million to our owners this year. The Group’s financial result is very sound in a difficult year characterised by the historical drought and small harvest. I am therefore very pleased with the accounts and the profit declaration we presented today. We have done a lot to keep the costs and investments down in the Group after the small harvest, which has ensured that we got back on track more quickly than we expected right after the harvest. At the same time, it is with great satisfaction that we have managed to consolidate ourselves further with an increase in solvency ratio,” says DLG Chairman of the Board, Niels Dengsø Jensen.

Strong foreign earnings

“This year’s result is a proof that our strategy to internationalise DLG’s activities and to invest in the core business is right. Our foreign companies contributed with over 70% of the Group’s earnings in 2018, and we look favourably on both our Danish and international investments in the future years,” says Niels Dengsø Jensen.

“The good profit declaration is an expression of the fact that the targeted efforts of the last five years in the Group have been rewarded. We have divested non-profitable business areas, invested in the core business and considerably lowered our costs. This has yielded significant results. Despite the challenging year, we are maintaining the earning ambitions of our strategy 2021,” he states.

Solidarity in the profession

“At DLG, we are convinced that solidarity and farmers’ ties to strong cooperatives that provide quality, innovation and low costs are absolutely crucial for Danish agriculture’s international competitiveness,” says Niels Dengsø Jensen.

“For many farmers, this has been a challenging year with difficult conditions for the production. As a farmer-owned company, we are conscious of our responsibility to optimise the farmer’s production economy. As one of the few agribusiness companies, we therefore provided protein regulation for feed grain and took the initiative to raise the protein limit in malting barley, which together represents a value of approx. EUR 3.3 million. At the same time, we are also very pleased that we have the strength to report a profit to our shareholders of such a large amount.”