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.

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%