HZPC anticipates a 10% increase in revenue from the prior year (EUR352m), with a EUR66m gross margin (last Financial Year EUR63.9m).

HZPC’s FY starts on July 1 up to June 30. International transportation prices were astronomically high in 2022. It is one of the main causes of the rise in turnover. Early in 2023, transportation costs dropped significantly.

“The result is growing mainly thanks to areas outside Europe, where licensed cultivation takes place. Mainly in Asia and America. HZPC expects its licensees to trade 16% more volume of HZPC varieties than a year earlier. The volume of seed potatoes traded is expected to increase marginally. This trade is mainly in Europe and from Europe. Sales from the European Union to North Africa and the Middle East have generally been good. In Europe, sales are still slow. Due to the drought in southern Europe, several growers choose to grow other crops. This is at the expense of seed potato sales,” Gerard Backx, CEO of HZPC mentioned, according to a company press release.

HZPC can keep the growth in its operational costs to 2% or less (last year EUR50.7m). EBITDA (earnings before interest, taxes, depreciation, and amortization) is anticipated to rise by roughly EUR1m as a result of these changes, according to HZPC. EBITDA was EUR13.2m in the previous year.

Due to increased interest rates and changes in some nations’ currencies, HZPC is also experiencing greater borrowing costs. The final sum is anticipated to be slightly above EUR7m (last year EUR7.051m). The costs of the Connecting Growers initiative are not yet included in this.