Agravis Raiffeisen AG is confident in achieving its targeted earnings before taxes (EBT) of EUR 60.1 million for the 2024 financial year.
The CEO, Dirk Köckler, expressed this confidence during a recent press conference. Despite challenges in the agricultural sector, the company has a solid outlook and aims to strengthen its equity base through meeting its financial goals.
The anticipated turnover for the current financial year is projected at EUR 8.1 billion, slightly lower than the previous year.
Agravis is fortunate to be unaffected by the decline in barn construction and reduced capacities, as it is not involved in the building materials sector or plant construction. However, the company acknowledges that these factors could indirectly impact its feed business.
Köckler highlighted the challenges facing livestock farming in Germany and emphasized the need for investment-friendly conditions to support the remaining livestock farmers. He also expressed concerns about the animal welfare levy on meat and the importance of ensuring that funds collected by the state effectively reach the livestock farmers.
Agravis plans to invest in new technologies and digital solutions to enhance operational efficiency and productivity. The company aims to maintain a strong presence in Germany"s livestock farming sector and is committed to fostering an environment that encourages investment and growth in the agricultural industry.