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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.
Key figures Topigs Norsvin
| [x 1 million euro] | 2016 | 2017 |
| Sales | 119 | 139 |
| Operating result (EBIT) | 3.9 | 9.4 |
| Earnings before taxes | 2.5 | 7.6 |
| Net result | 1.7 | 5.0 |
| Current ratio | 1.55 | 1.62 |
| Solvency | 40% | 48% |
May 23, 2018 - Topigs Norsvin
