Topigs Norsvin saw a clear and strong rise in profits in 2024. The net profits over 2024 tripled and amounted
to € 7.7 million. The turnover grew by 12% and exceeded € 300 million for the first time.
This growth in profits and turnover reflects the ongoing worldwide demand for genetics from Topigs Norsvin.
Sales went up, particularly in Spain, Brazil and North America. The market share grew in Northwest Europe,
also in countries such as the Netherlands, Denmark and Germany where the pig population is shrinking.
The sows and terminal boars of Topigs Norsvin increasingly find their way into large integrations. A good
example of that is the strengthening of the relationship with Muyuan Foods in China in 2024. But also in
Spain, the United States and Mexico, a growing number of large integrations chose Topigs Norsvin or
expanded the proportion of Topigs Norsvin genetics in their company.
The increased profits make it possible to strengthen investments in Research and Development. The
research and innovation budget for 2025 is € 37 million, which is an increase of about 9% compared to 2024.
These investments ensure an accelerated improvement of our genetics and the added value it gives our
customers through cost-price reductions due to more efficient production and quality improvement.
CFO Pieter van Sundert: “The growth in terms of profits and turnover underline that we have once again
strengthened our market position. The investments we made in the breeding program are paying off and help
us to distinguish ourselves from the competition. Our turnover and results grow year after year, allowing us to
create a healthy financial basis for further development of our products and organization.”
Mark Tijssen, chair of the Supervisory Board of Topigs Norsvin: “The results for 2024 show that our
customers have confidence in our genetics and in us as a company. The fact that we are a fully farmer-owned company is an important part of our success. We are a partner with a strong and growing market
position, and we are ready for the challenges the sector faces within the Netherlands and abroad.”
