Press release
Viborg, october 1st 2024
SAMSON GROUP A/S, NICE RESULTS DESPITE CHALLENGES
Despite a challenging machinery sector in large parts of Europe, SAMSON GROUP A/S has again delivered strong annual profits for the 2023/24 financial year. The Group’s focus on sustainable solutions and efficient use of natural fertilisers remains a successful strategy.
SAMSON GROUP A/S recorded a net turnover of €127.2 million for the 2023/24 financial year, which representing a drop of 18% compared to the €155 million achieved the year before. Profit before tax was €6 million compared to €14.3 million last year.
Strategic investments and market adaptation
“Despite a significant slowdown in the willingness of end customers to invest in key markets in Europe, SAMSON GROUP A/S has managed to deliver good profits for 2023/24. Our net turnover fell, but we have maintained our investment plans and expanded production capacity. We continue to see strong demand from agricultural contractors and our ambition to consolidate SAMSON GROUP A/S as Europe’s leading manufacturer of natural fertiliser spreaders remains unchanged,” says Lars Henriksen, CEO of SAMSON GROUP A/S.
“Agriculture, especially the livestock sector, is facing a significant transition to meet climate and geopolitical objectives. The EU’s agricultural policy is supporting the sector’s transition towards more sustainability, but there are big differences in how climate targets are realised in individual member states. Our industry organisation, CEMA, reports a persistent recession in the agricultural machinery industry across the EU, with historically low willingness to invest. Still, sustainability and precision agriculture are key themes for many of our customers,” Lars Henriksen continues.
Green investments and growth
The financial outlook for 2024/25 is in line with the previous financial year as there are no significant changes in sight in the coming months in terms of sales in the main markets. Besides Denmark, the main markets include Germany, Poland and France.
Despite a temporary decline in the overall market, SAMSON is optimistic about the future and is investing heavily in new technologies for slurry spreading. This will result in a new factory building of almost 6,000 m², which, among other things, will provide space for a completely newly developed boom program that will optimise the application of slurry by reducing emissions and increasing benefits for the farmer. The factory expansion is expected to be ready in February 2025.
“Even though we are facing cyclical fluctuations across Europe, the direction is clearly pointing towards an increasing need for machines and implements that help farmers to maximise the use of nutrients in natural fertiliser while protecting the environment as much as possible. A climate agenda where SAMSON wants to be at the forefront of technical solutions in natural fertiliser. That is why we are currently investing millions in factory capacity for trailing shoe booms and further optimisation of the production facilities in Viborg” says Chairman of the Board Christian Junker.
