Step-up in profitability of vitamins
Our vitamin business saw a continued improvement, reflected both in customer demand and normalization of profitability. The vitamin transformation program, launched in mid-2023, was implemented according to plan, with the cost of goods reduced, savings delivered, and inventory optimized. We were simultaneously able to further improve our industry-leading performance in quality and safety, health & environment (SHE). In addition, in the fourth quarter, our business benefited from the additional temporary vitamin price effect related to a supply disruption in the vitamin market. This especially affected vitamins A and E during the fourth quarter.
Continued strong growth of innovation sales
We further strengthened our position as an innovation leader in precision nutrition by expanding and combining our portfolio of Performance Solutions (advanced feed additives) and Precision Services (AI-driven farm data analytics).
This unique combined offering led to several strategic customer agreements, including those with industry-leading players such as Conforto Farm, Bounty Fresh Group, and Charoen Pokphand Foods. Through these novel agreements, we further empower customers to proactively reduce their environmental footprint and enhance their profitability. This involves leveraging the advanced analytics and intelligence of Sustell™, FarmTell™, and Verax™, while upselling advanced feed additives, vitamins, and premixes.
Sales of ANH innovations grew across the portfolio, with outstanding market penetration from Mycofix® and Hy-D®. In addition, we strengthened our position as an innovation leader by launching important Precision Services and Performance Solutions (see Innovation on the following page).
Enhancing future growth and global reach
The inauguration of two new premix plants represented important milestones pointing to further progress and growth.
Our new plant in Sete Lagoas in the State of Minas Gerais (Brazil) will produce supplements to support the nutrition and health of beef and dairy cattle, underscoring the importance of Brazil’s agribusiness.
Our new plant in Sadat City (Egypt) will serve customers in Egypt, the wider Middle East, Southern Europe, and Africa. It reflects our commitment to meeting the increasing demand from mid-range and large livestock farms and feed millers for premixes and innovative feed additives.
The power of the past is the force of the future
While our running business grew during 2024, preparations for the carve-out reached an advanced stage. This puts ANH in a position to unleash further growth under new ownership, with a fully customer- and innovation-focused set-up and a fit-for-purpose organization.
As a global market leader in vitamins and advanced feed additives, an innovation leader in precision nutrition, and also benefiting from a unique scientific heritage, ANH is well positioned to take its business to the next level.
