Turnover in 2002: €738.3 Million - 11/02
The Evialis group reported turnover of €738.3 million in 2002, in line with the previous year.
Turnover in line with the previous year
This result reflects a downturn on the French market and the impact of commodities prices, offset by several acquisitions, notably AEF.
The result also reflects a €18.4 million negative currency impact mainly due to Brazil, and the deconsolidation of SIPRA in Ivory Coast.
On a like-for-like basis, turnover fell by 5.5% to €691.1 million.
15% increase in value-added activities, improved risk profile
Value-added activities grew by 15% over 2002. This increase includes the positive contribution of AEF on differentiated feed segments.
The turnover for the premix and services activity (sales of premix with the associated consultancy services and sales of nutritional specialities) was up 4.3% like-for-like.
The full consolidation of Agro 01, in which Evialis increased its stake during the year, generated €11.8 million in turnover for premix and services in France.
Through its development strategy, the Evialis group was able to improve its product mix and risk profile.
In France, Evialis offset the market downturn through acquisitions and the good performance of value-added activities
In France, the group had to contend with a weak poultry and pork market throughout the year and, from the end of the first half of 2002, with a more unexpected event: an 8% downturn in the dairy cow market due to excellent weather for fodder production.
Nevertheless, with the consolidation of AEF and the good performance of differentiated segments, the group was able to report an increase of almost 2% in feed production volumes in France.
On international market, varying levels of performance in Brazil and Poland
The development of business activities in Southern Europe, South-East Asia, South Africa and a number of Eastern European countries, impacted favourably on group turnover.
Brazil, one of the group’s historic markets, continued to feel the impact of the generally gloomy economic situation: low consumption, devaluation of the real, high interest rates and resurgent inflation. The group’s activities in Poland were impacted by a downturn in the poultry market.
These figures illustrate the resilience built up by the group. Nevertheless, in view of the difficulties encountered on the standard product market in France, Poland and Brazil, the group’s operating profit for 2002 will show a moderate decrease compared with the previous year. However, net profit excluding minorities should show an increase over last year.