A highly satisfactory year for Ameropa
- Sales increase by 30% to CHF 9.6 bn
- Volume reduction by 7.5% to 29.5 mio tons
- Ameropa Foundation funds partially reallocated to emergency relief activities
Binningen, March 3, 2022 - Swiss agricultural producer and trader reports an unexpectedly strong fiscal year 2021. Due to the sharp price increase for grains and especially fertilizers, sales increased by 30% year on year, from CHF 7.383 bn to CHF9,642 bn, although sold volumes decreased by 7.5% from 31.858 mio tons to 29.465 mio tons. Operating profit is above budget and previous year.
Like in 2020, all production and logistics facilities of the Ameropa Group were able to continue their activities despite the Covid-19 related restrictions and challenges. All staff continued in employment, without any short working hours and staff reductions. Agriculture worldwide is suffering however from excessive price increases and shortage of fertilizers. The situation is especially challenging in Europe due to the lack of gas, the raw material for nitrogen fertilizers, and the five-fold increase in gas prices. As a result, throughout the industry, several European production sites are presently closed. Also Ameropa’s Azomures facility suspended production in mid-December 2021.
The group strategy review launched in 2021 was completed and incorporates the goals of the new Green Deal of the EU, especially the reduction of GHG emissions, compared to 2005, by 61% by 2030. Our fertilizer factory Azomures is on track to reach this goal already by 2025.
As in 2020, the Ameropa Foundation provided humanitarian relief in the poor communities in Brazil and Uganda where it is active and which have been hard hit by Covid. Meanwhile, the construction of the community playground in Kamwokya continued as planned and its opening is foreseen by end March 2022. The Foundation has also edited the book ‚Building Optimism‘ which documents 30 years of commitment to the development of the Brazilian community Mae Luiza.
Update in respect of the conflict between Ukraine and Russia
Ameropa does not have significant exposure to Russia and Ukraine. However, considering current geopolitical context and related market volatility, Ameropa does and will continue to closely monitor the impact the development of the situation may have on its markets and business activities.
About Ameropa
Founded in 1948, Ameropa in Binningen near Basel is a privately held Swiss trading and production company for cereals and fertilizers. For more information, please visit our website www.ameropa.com.
Further information:
Andreas Zivy
andreas.zivy@ameropa.com
Tel.: +41 61 307 50 25