News

• 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.

Dutch Food Week is the national week where we pay attention to our food. Cosun will again be a lead partner of this national event in 2023. During Dutch Food Week, parties from the food sector share their enthusiasm, knowledge and expertise with society. Farmers and growers, entrepreneurs, suppliers, retailers, the government and scientists show how they are working on the production, distribution and development of our food.

Royal Cosun, a leading international agricultural cooperative, has successfully placed EUR 60m and EUR 145m in ESG-Linked Senior Unsecured Fixed & Floating Rate Loans with the support of BNP Paribas, Rabobank and Raiffeisen Bank International as joint arrangers. The ESG-linked loans were issued in three, five, seven and ten-year tranches, with proceeds used for general corporate purposes and refinancing of existing debt. As Cosun’s coordinator, BNP Paribas structured the sustainability adjustment feature, with a potential 5 basis points (bps) coupon step-down in case three ESG-related key performance indicators are met:

Royal Cosun has appointed Mr. Maarten van Delst as CEO of the business group Aviko, effective 1 January 2023. Aviko has been creating value from potatoes for 60 years. Since its incorporation in 1962, it expanded to become one of Europeans biggest producers in fresh, frozen and dried potato products.

During the meeting of 31 August, the Members' Council of Cosun elected Mr Arwin Bos, a farmer in Nieuw-Vennep, Haarlemmermeer, as the new chairman of the Board of Coöperatie Koninklijke Cosun U.A.

On 20 July 2022, the Cosun Nutrition Center will officially open as a knowledge center on nutritional science for plant-based food products from cooperative agrofood organisation Royal Cosun. The Cosun Nutrition Center is dedicated to all plant-based products and ingredients within Cosun, with a focus on nutrition, health and sustainability.

Today, 56 organisations signed the national Green Deal on Protein-rich Crops. The aim of the Green Deal is to scale up the cultivation, processing and consumption of Dutch protein-rich crops. It makes cultivation economically attractive again for farmers, increases the degree of self-sufficiency in proteins and leads to more sustainable agriculture.

Yesterday, Minister Staghouwer (LNV) visited Cosun in Dinteloord as part of a further acquaintance with the Agri&Food Top Sector.

Royal Cosun has appointed Thijs Bosch as director of the new business unit Cosun Protein. He will join Cosun on 15 August 2022. Together with his team, Thijs will be responsible for the development and scaling up of plant proteins for food applications.

Together with 12 other companies, Cosun is represented by the Association for Energy, Environment and Water (VEMW).

The current chairman of the Board, Dirk de Lugt, will reach his maximum permitted statutory term in June 2023.

Cosun announced its provisional results for 2021 on 10 February 2022. Its definitive results for the year have been published in its annual report for 2021.