Annual report 2017
As in mid-2016, CNC shifted it entire focus to the production of substrates for the mushroom growing sector, and the corresponding service provision, the financial prospects have improved considerably. Partly driven by the Indoor Fresh Compost (IVC) factory in Milsbeek going into full production, the improved results booked in 2017 will be given a similar positive impulse in 2018. In addition, mushrooms perfectly match the prevailing trends in nutrition which offers prospects and opportunities for the future of CNC.
Turnover increased from 89 million euros in 2016 to 91 million euros in 2017, a rise of 2%. This increase can mainly be attributed to a higher sales volume of phase III compost. The operating result (EBIT) increased from 6.8 million euros to 7.7 million euros, a rise of 12%. The result after tax increased from 2.5 million euros in 2016 to 4.0 million euros in 2017, a rise of 58%.