DC Beef Showcases Strong Financial Results

On 20 November 2012, in Randers, it was reported that from October 2011 to September 2012, DC Beef paid an average of DKK 1.77 more per kilogram of beef supplied by its cooperative members. In addition, there was potential for record-breaking supplementary payments of an extra DKK 1.5 per kilogram. Peder Philipp, Chairman of DC Beef, stated that the year had been highly successful for the company. They had managed to secure much better prices for their meat and the business was showing positive growth. He expressed optimism about the company's ability to continue delivering strong results in the future. Despite a decrease in the number of slaughters in Denmark, DC Beef increased its market share from 62.7% to 63.1% in the last fiscal year. Lorenz Hansen, Division Director of DC Beef, expressed satisfaction that the company had essentially maintained the same number of slaughters as the previous year. He was also pleased to see new cooperative members joining Danish Crown, indicating that cattle producers have confidence in the company and its strategic direction. Over the past four years, DC Beef has successfully increased the average quoted price by more than 27% per kilogram. Concurrently, supplementary payments have doubled. This positive trend gives reason for optimism about the future. On 6 September, DC Beef began construction on a new cattle slaughterhouse near Holsted in southern Jutland. Representing an investment of DKK 675 million, the slaughterhouse will ensure that Danish Crown and Danish cattle producers can jointly compete in the global market. Peder Philipp confirmed that construction was progressing as planned. He believes that the new slaughterhouse will have a significant impact on the Danish cattle industry. He also added that the new facility is expected to enhance competitiveness by the second year after its completion.