Lely reported a 25% increase in revenue in 2023, with a total turnover of 888 million euros
Source: The DairyNews
In its recently released annual financial results for 2023, Lely, a leading player in automated systems and data management for dairy farmers, reported a noteworthy 25% revenue growth, reaching a total turnover of €888 million (compared to €704 million in 2022).
The positive financial performance comes with a blend of optimism and concern, reflecting the complex landscape facing the agricultural industry.
Robust Growth: Lely's annual turnover of €888 million aligns with expectations, marking a 25% increase from the previous year.
Challenges in 2024: The year ahead poses challenges for Lely, attributed to low milk prices, high interest rates, and political uncertainty. These factors are anticipated to impact the industry landscape and create obstacles for dairy farmers.
Investment in Innovation: Despite challenges, Lely continues its commitment to sustainability and innovation. Eight percent of the total turnover was allocated to Research & Development, focusing on new technologies to meet the evolving needs of dairy farmers worldwide.
Farmer Satisfaction: Lely highlights high farmer satisfaction with its automated systems, particularly the Vector and Astronaut. These solutions have garnered positive feedback and contribute to Lely's standing as a market leader.
75th Anniversary Celebration: The year 2023 marked Lely's 75th anniversary, celebrated in June. During this milestone event, Lely introduced its new vision for the Farm of the Future, outlining five impact areas that will guide future innovations.
Global Adoption of Robotics: The adoption of robotics and data management has witnessed global growth, with Western Europe, North and South America, and Asia showing increased interest. Lely achieved an annual production record with the launch of the 5,000th Lely Astronaut and introduced new generations of Juno and Discovery Collector.
Outlook for 2024: Anticipating challenges such as low milk prices, high interest rates, and political unrest in 2024, Lely remains optimistic about the long-term prospects for robotics and data management. The company plans to unveil its new strategy for 2025-2030 and explore exciting propositions aligned with its vision for the Farm of the Future.
Robust Growth: Lely's annual turnover of €888 million aligns with expectations, marking a 25% increase from the previous year.
Challenges in 2024: The year ahead poses challenges for Lely, attributed to low milk prices, high interest rates, and political uncertainty. These factors are anticipated to impact the industry landscape and create obstacles for dairy farmers.
Investment in Innovation: Despite challenges, Lely continues its commitment to sustainability and innovation. Eight percent of the total turnover was allocated to Research & Development, focusing on new technologies to meet the evolving needs of dairy farmers worldwide.
Farmer Satisfaction: Lely highlights high farmer satisfaction with its automated systems, particularly the Vector and Astronaut. These solutions have garnered positive feedback and contribute to Lely's standing as a market leader.
75th Anniversary Celebration: The year 2023 marked Lely's 75th anniversary, celebrated in June. During this milestone event, Lely introduced its new vision for the Farm of the Future, outlining five impact areas that will guide future innovations.
Global Adoption of Robotics: The adoption of robotics and data management has witnessed global growth, with Western Europe, North and South America, and Asia showing increased interest. Lely achieved an annual production record with the launch of the 5,000th Lely Astronaut and introduced new generations of Juno and Discovery Collector.
Outlook for 2024: Anticipating challenges such as low milk prices, high interest rates, and political unrest in 2024, Lely remains optimistic about the long-term prospects for robotics and data management. The company plans to unveil its new strategy for 2025-2030 and explore exciting propositions aligned with its vision for the Farm of the Future.
23.09.2024
Carbon emissions in global milk production - the elephant in the room
I have been thinking to make this post yes/ no. I decided for yes and like to ask everyone to not "shoot the messenger". The chart shows an analysis of IFCN Dairy Research Network from the 2024 supporter conference in Poland.
