Danish Crown stronger after turbulent year
It was a stronger Danish Crown which presented its
financial statements after what has been a very turbulent
Despite many challenges, the company's global growth continued, and both
the processing and the fresh meat sectors stand strengthened at the start of a
new financial year. In a year which saw a decline in Danish meat production,
Danish Crown's revenue increased by 6 per cent, among other things thanks to
The year brought considerable challenges,
especially with regard to capacity – where shortages at the beginning of the
year due to last year's fires were followed by surplus capacity due to a decline
in the production of pigs for slaughter.
The year saw a strong focus on
reducing costs, partly due to a dramatic increase in veterinary costs. In a year
where economic developments did not favour the international meat industry,
Danish Crown demonstrated its ability to tackle the situation and to generate
reasonable results nevertheless. The group's companies in the UK contributed
significant robustness in a year of market unrest.
payments of DKK 0.60 for pigs, DKK 0.65 for sows and DKK 0.70 for cattle reflect
the very tight pricing policy which was pursued during the year due to the
financial challenges in the primary production.
The financial crisis
which came to dominate the end of the financial year is having a severe impact
on the company's owners, but at the same time the crisis has shown that the
cooperative system is a strong and lasting ownership
• Danish Crown
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