News

Cosun can confirm that its climate goals have been officially validated by the Science Based Targets initiative (SBTi) this month. This means that Cosun's sustainability ambitions are in line with the Paris Climate Agreement.

Cosun has announced its preliminary results for the year 2024. The company delivered a solid performance with EBITDA of €522 million (before member surcharge) and made progress on its strategic priorities. However, dynamics were significant in 2024, which affected beet crop returns. The company remains fully committed to sustainable growth in plant-based solutions and improving the earning model for its members. The recent launch of the renewed Unlock 30 strategy is another step toward further strengthening its position.

Cosun is launching the short movie “My First Harvest,” an inspiring story of cooperation, innovation and the plant-based future. The film is a tribute to the many generations of arable farmers who contribute with passion and entrepreneurship to our food supply and highlights on the beauty and strength of the sector.

On Wednesday 15 January, we had the special honour of welcoming Queen Máxima for a working visit to Royal Cosun. The visit follows after winning the Koning Willem I Stichting award last year.

On Wednesday afternoon 15 January, Her Majesty Queen Máxima will pay an official working visit to Royal Cosun. The visit follows after winning the Koning Willem I award in the large company category last spring.

Cosun has finalised a CHF 3M investment in scale-up planetary SA (“planetary”) to further boost the development of sustainable and cost-effective food ingredients through fermentation. Cosun and planetary will also explore ways to collaborate on commercialising mycoprotein and create new applications for plant-based food.

Last night, on May 16, CEO Hans Meeuwis received on behalf of Cosun the Koning Willem I Award from Honorary Chair Her Majesty Queen Máxima and Chair Klaas Knot during the festive finale in Zwolle. A remarkable honor. Cosun won the Koning Willem I Award in the 'Large Company' category.

On February 16, the preliminary 2023 results were released. The publication of the Annual Report 2023 presents the final results.

• 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.