Topigs Norsvin realizes €9.4 million operating result

In 2017, Topigs Norsvin achieved an operating result (EBIT) of €9.4 million. This an increase of 140% compared to 2016, when the result was €3.9 million. The higher result led to a substantial improvement in the solvency and current ratio of the company.

Topigs Norsvin saw an increase in sales of €20 million to €139 million. In the female lines sales went up by 10%. The majority of the increase in sales came from the successful TN70 sow. Sales of finisher boars went up by 21%. Finisher boars of Topigs Norsvin fit perfectly in the market and are increasingly the favorite choice of future-oriented producers.

Topigs Norsvin continues to invest in product innovation and product improvement. This year the R&D budget is €21 million. In addition to this, Topigs Norsvin will open the research center Delta Canada, an investment of €10 million, in June 2018. Just like at the Delta center in Norway, Delta Canada will determine the quality of the boars on large scale by using a CT scanner. This more precise measurement method makes it possible to accelerate genetic
progress and to deliver customized genetics to Topigs Norsvin customers.

About Topigs Norsvin:
Pig genetics company Topigs Norsvin is renowned for its innovative approach to implementing new technologies and a continuous focus on cost-efficient pig production. Research, innovation and dissemination of genetic improvement are the cornerstones of the company. Continuous and strong product improvement will enable clients to achieve significant added value in their production.

See attached table for more data

Information for the press:
For further information please contact:
Peter Loenen
Communication manager
Telephone + 31 411 648846
Email peter.loenen@topigsnorsvin.com

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