Key figures 2024
Net revenue: € 1.06 billion
Group result (net profit): € 13,7 million
Solvency: 51,25%
Investments: € 15,5 million
Average milk price*: € 50,95 / 100 kg
*Based on 1,100,000 kg annually, standard fat and protein contents of 4.45% and 3.58%, and pasture milk.
Revenue increased slightly, while profit made a strong recovery from a loss in 2023. Vreugdenhil invested over €15 million in total, with a focus on a more sustainable and efficient production process. A major step in this direction was the sale of the former production site in Voorthuizen, where 129 apartments are now being constructed.
Steps were also taken in the area of financing. Through refinancing and expanding the banking consortium, the company gained more room for strategic investment in the energy transition. The financing has a 5-year term with two options to extend by 2 years each.
The milk price paid to Dutch dairy farmers averaged € 50.95 per 100 kg in 2024. With additional sustainability programs such as Tomorrow’s Dairy, in collaboration with Nestlé, Vreugdenhil continues to work towards a future-proof dairy farming sector.
“We are proud of the trust shown by our dairy farmers, suppliers, and customers – it gives us the space to keep investing in quality, in the value of our products, and in the future of our family business,” says Albert de Groot, CEO of Vreugdenhil Dairy Foods.
About Vreugdenhil Dairy Foods
Since 1954, we have operated as a Dutch family business in the dairy sector. Every day, we work hard to make all the goodness of milk available to people around the world. We specialize in milk powder, with four production sites in Gorinchem, Scharsterbrug, Barneveld, and Putten, a head office in Nijkerk, and a commercial office in Madrid (Spain). Vreugdenhil Dairy Foods processes 1.5 billion kilograms of milk into high-quality nutritional products and ingredients, which we export to 130 countries. Our ingredients for the food industry are mainly sold in Europe. Consumer milk powder is primarily exported to Africa and the Middle East. Our more specific applications make their way to the Asian market. Vreugdenhil Dairy Foods employs over 500 people and has an annual turnover of approximately €1.1 billion.