H1 2021 revenue: €52 million in organic growth, up +5.3%
PRESS RELEASE Loudéac, 8 September
H1 2021 revenue:
€52 million in organic growth, up
Robust growth of +9% in Farming Supplies
Continued acceleration in high-potential horse and
landscape markets (+41% and +85%, respectively)
Farming Nutrition impacted by cyclical downturn in exports
due to the health crisis
WINFARM (ISIN: FR0014000P11 - ticker:
ALWF), No. 1 French distance-seller for the farming
industry, today announced its revenue for the first half
In millions of euros, unaudited
WINFARM posted revenue of €52m in H1 2021,
representing organic growth of 5.3% in the first half.
Farming Supplies: acceleration in the
high-potential horse and landscape markets (+41% and +85%,
The Farming Supplies business (89% of H1 2021
revenue), under the Vital Concept brand, recorded sales growth of
WINFARM benefited from the impacts of its
diversification in the horse and landscape markets, where sales
continued to gather pace over the first six months of the year,
generating growth of +40.6% and +84.6%, respectively. These
performances are all the more noteworthy for coming on the heels of
sharp respective gains of +23% and +42% in 2019, and +33% and +88%
in 2020, underscoring the impressive potential of these markets to
contribute to the Group's future growth.
The Group also benefited from strong growth in
the Farm Gates segment, single-handedly accounting for more than
one-third of total H1 2021 revenue growth.
Drawing on its well-established reputation,
Vital Concept has become a key brand and a leading partner in these
The Group is also expanding in its historical
scope of operations, aided by successful diversification in
high-demand categories such as the Tubular range in livestock
equipment, wear parts with the development of the STEROK brand, and
the Clothing & Footwear range.
Farming Nutrition: cyclical downturn in
exports due to the health crisis
The Farming Nutrition business, under the
Alphatech brand, posted a decline due to the temporary impacts of
the rise in bird flu cases in Southeast Asian countries combined
with the conditions brought on by the COVID-19 health crisis, which
continued to adversely affect export trade given that Alphatech
earns more than 50% of its revenue outside France.
During the first half, Yann Renouel was
appointed CEO of Alphatech.
Yann is 55 years old, graduated from ONIRIS
(Nantes-Atlantic National College of Veterinary Medicine, Food
Science and Engineering) and earned a Master’s degree in
Agri-Business Industries Management from Edhec. He worked for 10
years at Houdebine/Nestlé Group before joining Glon Sanders Group
in 2000 to take over management of Farmor. Yann Renouvel built and
headed Glon’s processed products division, which became Avril in
2012 and comprised Michel Robichon, RVE and Farmor. He also ran the
“Pork” branch (Abera, Porc Gros and AVF) and “Eggs” branch (Matines
and Ovoteam) from 2013 to 2017 as “CEO - Processing - Animal
Sectors". In 2017, he joined the Le Gouessant cooperative to head
up the Plants/Animals Division before taking over management of
Alphatech from February 2021.
He was recently joined by Sylvain Lagadou,
appointed Head of Sales for Alphatech, who previously served as CEO
of Deltavit Group, a subsidiary of CCPA Group, an international
expert in animal health and nutrition.
Together, they will be tasked with building up
the reputation of the Alphatech brand and accelerating its sales
once the health situation stabilizes.
In the second half of 2021, the Group is
confident that sales momentum will continue, driven by a constant
innovation capacity that anticipates the needs of its markets,
paving the way for new client acquisition and higher average cart
check-outs. WINFARM will also benefit from the acquisition of BTN
Haas in July, a new milestone in its European acquisition strategy,
setting it on the path to become a key international player.
Next publication: 2021 interim
results out 13 October 2021 after market close.
Founded in Loudéac, in the heart of Brittany, in
the early 1990s, WINFARM is now the French leader in distance
selling for the agricultural world. WINFARM offers farmers and
breeders comprehensive, unique and integrated solutions to help
them meet the new technological, economic, environmental and social
challenges of the next generation of agriculture. With a vast
catalogue of more than 15,500 product references (seeds,
phytosanitary, harvesting products, etc.), two-thirds of which are
own brands, WINFARM has more than 44,500 customers in France and
In 2020, WINFARM recorded sales of €98.9m,
surpassing its target.
By 2025, WINFARM aims to double in size, with a
revenue target of around €200m and an EBITDA margin of about
For more information about the company:
communicationsBenjamin LEHARI+33 (0) 1 56 88 11
ACTIFIN, financial press relationsJennifer
JULLIA+33 (0)1 56 88 11 email@example.com
- WINFARM_PR_ 21H1_revenues_EN
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