Strategically, we will continue on the path we have set: to permanently enhance and improve our position in the food and agri sector. The focus will be on value-added products, innovative concepts, and a strong international market position. The expected growth in exports outside the EU will also continuously being monitored.
Continuity: The financial statements have been prepared based on the going concern assumption, which assumes that Royal A-ware will continue its activities as a going concern. The management of Royal A-ware has considered both operational and financial aspects in the so-called 'going concern' assessment and has developed a multi-year plan that allows for close monitoring of business processes and their continuity. Based on these projections, the Management Board expects that Royal A-ware will continue to meet its covenant requirements and generate sufficient cash flows to meet its obligations. Based on this, the management believes that the continuity of Royal A-ware is assured.
The number of FTEs in 2025 is expected to be in line with 2024.
The investments in 2025 will include investments planned in Spain, acquisition of the Dairy Food Group, the expansion and modernisation of fresh dairy factories in Belgium and the Netherlands, and investments in trucks and trailers for AB Texel.
A portion of the investments is expected to be financed from operating cash flow, and a portion will be financed through loans.
We are closely monitoring developments in the Ukraine and Israel. Royal A-ware is not active in the countries involved in the conflict.