In the marketplace of Royal FloraHolland , 12.3 billion flush and plant were switch in 2019 , an increase of 1.5 % . Product turnover was € 4.8 billion , an increase of 3.1 % compare to 2018 . There were both higher volumes and high prices . The peak and plants were append by 5,406 provider and purchased by 2,458 vendee . Operating profit come to € 5.6 million thanks to low-down operating expenses . This is think over in the annual report 2019 print on 28 December 2024 .
Unprecedented encroachment corona crisisCEO Steven van Schilfgaarde : " Over the preceding five weeks the sector has been hit very hard . I am convinced that thanks to the government ’s pinch pack and the € 600 million emergency fund , the sector will be able to get through this hard period . When the crisis break out , we were in safe build . I am confident that our sector is springy . As shortly as international requirement recovers , we should be able to react directly . We presently see some bright spots , but there is still a farsighted way to go . We are accelerate the carrying out of our strategy . We are full committed to digitization , with all transactions in the market assume position digitally by the ending of the class , and will continue even faster to organise for the scroll - out of ' Landelijk Veilen ' ( home auction sale ) in 2021 . These project are preconditions for bring our price structurally down to a low-toned point .
" In response to sharply declining international need , Royal FloraHolland has introduce a temporary supply regulation for the clock and made agreements with banks on the provision of emergency loanword to members . In addition , immediate action was taken to safeguard our own business concern operations , in the interests of growers and buyers . "
Financial starting positionRoyal FloraHolland ’s solid starting position ensures that , despite an expected big loss for 2020 , no acute fiscal problems will arise . Part habit is being made of the existing financing capacity . CFO David van Mechelen : " We are well financed and maintain penny-pinching contact with our coin bank . We also invoke to government reinforcement measuring rod . Continuity of the cooperative and preservation of use are of predominate grandness to us . It goes without saying that the money we adopt under our credit facility must be recoup in the future . We will have to reduce our costs and adapt our business activity to the changes and new grade . Last class we reduced our cost . This year we will continue to do so , with even gravid urgency . Investments in strategic program will increase our efficiency and accelerate the development of new business models and beef up our market perspective " .
Annual reportThe annual report establish that the financial ratios are at the same level , with 28.8 % for solvency and 60.3 % for venture capital . Operating profit ( EBITDA ) was 90 million euros in 2019 . The share of the clock fall slightly to 40.7 % of turnover in 2019 . This decrease confirms the strategical alteration of course that Royal FloraHolland initiated a turn of years ago .
Read the online annual report 2019 .
