Vion profits rise
Vion has revealed profit growth for the past year, despite turbulent times for its UK operations which has seen a number of sites close.
The latest figures from Vion reveal a profit after tax of €80m for 2010, up from €62m in 2009. Overall group turnover stayed marginally static, at €8.9bn, compared with €9bn in 2009. UK turnover fell marginally from €2.35bn in 2009 to €2.3bn in 2010.
In a statement, Vion said it had seen “positive growth in its export markets, whilst in its core home markets, its position in the UK poultry market, and Dutch and German beef markets strengthened”.
However, it described the pork market in the Netherlands, Germany and the UK as “extremely competitive”.
It said it was continuing to focus on lean production processes and 2010 had seen the company launch itsLean Leadership Academy in the UK, which it hopes will embed proven lean production systems across all operations.
The past year has also seen the company, in partnership with its key customers, launch 55 new products onto the UK market.
However, it has not all been plain sailing for the company, which continues to digest the purchase of the Grampian Food Group. A large number of management restructuring has taken place, and a number of sites closed or streamlined.
Employment numbers however, are reported to be relatively static, with Vion employing 12,425 in 2010, compared with 12,659 in 2009.