BioMar chief executive Carlos Díaz: “We have experienced a very satisfactory first half of the year.”

BioMar aiming for record full-year result

Chief executive unworried by small reductions in sales volume and revenue

Editorial team
Published

Feed producer BioMar said today that it had strong momentum towards a record full-year result, despite lower year-on-year sales volumes (-4.4%) and revenue (-2%) in the second quarter.

EBITDA, a measure of operating profit, is up by 36%, the Danish company said.

“We have experienced a very satisfactory first half of the year,” said chief executive Carlos Diaz in a press release. “Building upon a strong Q1, BioMar has maintained momentum, mainly due to our focus on operational and commercial excellence.

Strategic move

“We are consolidating our strategic move away from being merely a transactional provider, into being a partner going above and beyond, enabling our customers to meet their efficiency goals and at the same time focus on people and planet, while maximising performance and animal health. This approach has enabled us to attract and develop our customer base, but it has also affected our volume growth since we are focusing on customers and contracts, which backs this approach and allows us to be efficient together in a win-win relationship.”

BioMar's sales volume and revenue were lower in Q2 than in the same period last year but EBITDA was stronger.

Diaz said BioMar’s joint venture companies in Turkey and China were continuing their good development.

“The revenue is lower due a decrease in raw material prices combined with a transition of commercial activities towards less credit risk. However, we have a focus on commercial excellence and internal efficiency, which enables us to be close to the level of 2023 when looking at EBITDA”, he concluded.

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