Following on from an incredibly successful year, 2017/2018 was not easy for our company. The European harvest of seed potatoes was slow and difficult as a result of a heavy rain in the autumn. Prices for ware potatoes in Europe were also low, leading to a dip in the demand for seed potatoes compared to last year. This situation also meant that sales in Europe were lower than the previous year. Nevertheless, we succeeded in retaining our market share in this continent, which is so vital for HZPC.
Worldwide, there was a range of different circumstances and developments. Over the past year, for example, there have been good prices in America. By contrast, prices in countries such as India have been very low indeed. As a result of our expertise in the markets, our creative business practices and the huge efforts of our organisation, we succeeded in selling a slightly greater volume of seed potatoes than last year.
But it goes without saying that the conditions set out above had a major impact on HZPC’s turnover and profitability. For the past financial year, HZPC’s results have been less buoyant than our previous, top-performing year; however they certainly cannot be regarded as disappointing from an historical perspective. All of our Business Areas made a significant contribution to the result. We are a healthy company with healthy profits.