The DLG Group increases its earnings significantly

Today, DLG published its best financial results to date with a profit before tax of DKK 745 million – an improvement of 16% compared to last year (DKK 640 million). The Group's operating profit (EBIT) was a record DKK 1 billion. Revenue of DKK 49.1 billion was at the same level as last year. DLG has declared a profit of DKK 131 million to its owners – the highest level in DLG's history.

The increase in earnings is driven in part by a continued positive development in the Group's three German subsidiaries: HaGe, Deutsche Vilomix and Team, operating in the business areas of Agribusiness, Premix & Nutrition, and Service & Energy, respectively. Earnings before tax increased by 21% to DKK 475 million (DKK 392 million). 

"We’re very satisfied with the result for the year, which exceeds our expectations. This also applies to our key financial ratios. We’re now reaping the rewards of recent years’ targeted and successful transformation of the DLG Group," says DLG Group CEO Kristian Hundebøll.

Same top line, better bottom line
"We have managed to increase our earnings so significantly – and at the same revenue level as in 2016 – because we have won market share and improved our earnings within the Group's three main business areas. Recent years’ investments in the egg and poultry sectors have also yielded a good return, particularly in the Scandinavian market," says Kristian Hundebøll. 

"We’ve thus taken a big step towards achieving our objectives under our ‘DLG leading The Way 2021’ strategy. We expect that further growth will be generated through major strategic investments within the next one to two years in Germany, France and the UK,” says Kristian Hundebøll. 

Key figures for the DLG Group

Key figures for the DLG Group	2017	2016
Revenue, DKK billion	49.1	49.0
Operating profit (EBIT), DKK million	1,004	890
Profit before tax (EBT), DKK million	745	640
Consolidated profit, DKK million	575	570
Net profit, DLG’s share, DKK million	465	371
Equity, DKK billion	5.2	5.0
Return on equity (after tax), %	11.3	11.7