News

• Turnover of agrifood cooperative Cosun increases from €3,047 million to €3,704 million (+22%).  
• Preliminary operating profit, before members’ bonus, rises from €196 million to €525 million (+168%).
• Beet price at standard quality rises from €68.75 to €78.00 (+13%) in a challenging crop year with extreme weather conditions.  
• Good progress on execution of strategy Unlock 25 in dynamic year. 
• Rising costs throughout the chain necessitate price increase. 
• Strong increase in operating profit of the various business groups partly driven by favourable market conditions. Economic turbulence and harvest conditions present a mixed picture of volume development.
• Further acceleration in the execution of the strategy Unlock 25 and improving underlying results remain top priority for Cosun in 2024.

Royal Cosun has finalised its investment in PeakBridge’s Growth Fund II. PeakBridge is a pioneering global impact fund in agri-foodtech, focusing on scalable, patented, and sustainable technologies addressing long term environmental and nutrition challenges in agri-food chains.

Mathys Boeren will join Royal Cosun as Corporate Director Innovation effective September 1, 2023.

Breda, 20 july - Royal Cosun has reached agreement on the sale of SVZ to the Döhler Group.

The Re-Ge-NL innovation programme is designed to bring about the transition to a regenerative, profitable and socially supported agricultural sector. The programme proposal was submitted by the Ministry of Agriculture, Nature and Food Quality. It was developed by Next Food Collective, Wageningen University & Research, University of Groningen and Utrecht University, as well as 54 partners from across the food system - Royal Cosun being one of them. On Friday, June 30, 2023, the Cabinet announced its intention to invest 129 million Euros, subject to conditions, from the National Growth Fund (NGF) in the innovation program Re-Ge-NL.

Wageningen, 2 May – Cosun and Oost NL team up to jointly invest €8M in Wageningen-based foodtech scale-up revyve to boost the development of sustainable, upcycled and local food ingredients, derived from co-products of beer breweries. 

On February 9, the preliminary 2022 results were released. The publication of the Annual Report 2022 presents the final results.

Royal Cosun has appointed Geert-Jan Beijering as director of the new Cosun Biobased business unit. Geert-Jan will join Cosun on July 1, 2023. Together with his team, Geert-Jan will be responsible for the development and accelerated growth of biobased solutions within Cosun.

Groeikracht Cosun is for everyone working on profitable, future-proof cultivation. Through our agricultural services we have a network of 10,000 potato, sugar beet and chicory growers. Together, we can really make a difference.

• Cosun turnover rises from €2,287 million to €3,047 million (+33%) due to higher prices and volume growth.
• Sharply rising costs across the board necessitate price increases.
• Preliminary operating result before members’ bonus rises from €43 million to €196 million.
• Beet prices rise from €40 to €68.75 driven by improved results and a new members' bonus system. The higher beet prices supports members absorb increased costs.
• Preliminary net earnings after members’ bonus rise from €-/- 8 million to €75 million.
• In a dynamic year, good progress was made in implementing Cosun’s Unlock 25 strategy.
• There was further improvement of operating results across all business groups.