date:May 24, 2012
Despite a 7% increase in turnover during the year to 9.5bn, the company reported a drop in its operating results, down 53% to 90m.
The markets in the UK, Netherlands and Germany showed particularly poor results, which the company attributed to a stagnating economy and restricted consumer expenditure, which had made it difficult to pass on increased costs of livestock to consumers. Competition in the pork market was high, but there was also pressure on the companys beef activities. However, pro