The group said its brands in Denmark – Vitfoss, in France - Calcialiment, in Germany - Deutsche Vilomix and in Sweden - Fodermix have all been unified under the brand name, Vilofoss.
Vilofoss is one of the most profitable business areas in the DLG Group - the combined brands have a turnover of €390m (US$ 451m).
The name change is effective since the 1 September 2018 in all markets.
In its 2017 strategy document, DLG 2021 – Leading the Way, the group outlined its ambition to develop export markets for its premix and nutrition products in India and Africa, along with cementing its market position in China.
Interim results for the DLG group
Meanwhile, at the end of July this year, the group posted its interim results, saying they exceeded expectations, recording with an operating profit (EBITDA) of DKK 611m (US $94.78m), which was an increase of DKK 7m over the same period the year prior. However, the feed group expects a smaller harvest due to the extensive drought.
It said its profit before tax was DKK 159m, which is an improvement of DKK 47m. The revenue of DKK 24.4bn was at the same level of earnings for the first half of 2017.
“The increase in earnings is due to sustained growth within the Group’s three business areas: Agribusiness, Premix & Nutrition and Energy & Service, with extraordinarily positive contributions from the two last-mentioned business areas in particular.”
The DLG Group also improved its earnings in the largest market, Germany, where the operating profit (EBITDA) increased by 15%, from DKK 301m to DKK 347m.
Drought affecting the profit for the year
The extensive drought has an impact on the year’s harvest.
Group CEO, Kristian Hundebøll, said expectations for the second half of 2018 are affected by the extensive drought and a significantly smaller harvest in several of DLG’s key markets.
“Despite continued good development and progress in other business areas, the profit expectations for the full year therefore fall short of the profit achieved in the previous year.”