Potato farming company HZPC forecasts sales in fiscal year 2022-23 to be up 10 percent from the previous fiscal year. Then the company switched to 352 million euros. Gross profit is expected to reach 66 million euros, up slightly from 63.9 million euros in the 2021-2022 financial year.
An important reason for the increase in sales is the strikingly high international transport costs in 2022. At the beginning of 2023, transport prices fell sharply, according to hzpc. According to director Gerard Bax, the result is growing mainly due to areas outside of Europe. He is referring to places where licensed cultivation takes place, such as Asia and the United States.
The trading house expects its licensees to trade 16 percent more hzpc grades than a year earlier. The volume of trade in seed potatoes is expected to increase to a limited extent. This trade takes place mainly in and out of Europe.
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Becks: “Sales from the European Union to North Africa and the Middle East in general are doing well. In Europe, sales are still slow. Due to the drought in Southern Europe, various growers are choosing to grow more other crops, and this is happening at the expense of seed sales. material,” explains the director of hzpc.
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In addition, the company reports that it is managing to limit the increase in operating costs to about 2 percent. HZPC expects EBITDA, earnings before interest, taxes and depreciation, to increase by around 1 million euros. Last year, EBITDA amounted to 13.2 million euros. The net result appears to be just over 7 million euros. In the financial year 2021-2022, the net result was 7.051 million euros.
