Record results mark a solid year for the DLG Group

The DLG Group recorded the best results so far in 2016 with earnings after tax of EUR 77 mln – an improvement of 12% compared with 2015. The increase was driven by record earnings in the DLG Groups German subsidiaries, with improved earnings in Team AG, HaGe AG and Deutsche Vilomix. Furthermore the result is supported by continued strong performance in Denmark and in the entire Vilofoss Group.

The EBITDA of the DLG Group was EUR 229 mln comparable to last year’s level. Turnover is EUR 6.6 bln, which is EUR 400 mln below 2015 due to less turnover and prices on grain and energy as well as divestment of activities. Over the last two years, the Group equity has grown by EUR 120 mln to EUR 672 mln while the debt (NIBD) has been reduced by EUR 160 mln. 

“The result is due to three years of focused effort to convert DLG from a conglomerate to a dedicated agribusiness group, and we are now Europe’s largest agribusiness by volume. We have realised our goal of divesting businesses that were not profitable or did not fit strategically" says Group CEO Kristian Hundebøll.
 

Strong results in Germany

The DLG Group’s German subsidiaries contributed significantly to the Group’s overall result with a total turnover of EUR 3.9 bln. and a result of EUR 47.3 mln before tax (EBT). This was EUR 14.8 mln more than last year EUR 32.5 mln, or an increase of 46%.The increase was driven by record earnings in the DLG Groups German subsidiaries, despite fierce market competition in Team AG, HaGe Kiel and Deutsche Vilomix, covering all three core business areas in the Group.

DLG Strategy 2021

The DLG Group is also presenting its new group strategy, “DLG Leading the Way 2021”, which has increased the economic and strategic ambition.

 "The ambition is to double the earnings growth through 2021 compared to 2012-2016. The transition we have been through over the last 3 years has increased the robustness of the DLG Group, and we enter the coming strategy period with a clear goal of growing both organically and through acquisitions within our three core business areas," says Kristian Hundebøll.

Key financial figures for the DLG Group:  

                                                       
Turnover,                                     EUR bln 6.6 
EBITDA,                                      EUR mln 229
EBITDA margin,                         % 3.8
Group result, (EAT)                    EUR mln 77
Group equity,                             EUR mln 672
Return on Equity (after tax),      % 11.7