Annual Report
Download the 2023 Annual Report
2023
Arwin Bos, Hans Meeuwis
Looking back on a dynamic year, we see that the fall of the cabinet and the failure in forming an agricultural agreement have brought much uncertainty for our sector and that rising geopolitical tensions and tough harvesting conditions are affecting Cosun as well. Nevertheless, 2023 was a good year for us, in which we achieved an even better operating result. We made progress on our strategic priorities.
As a cooperative of Dutch sugar beet growers, Cosun buys the sugar beet grown by its members at a price based in part on the group’s results. The beet price is recognised in full in the profit and loss account as a cost of raw materials and consumables. The beet price therefore influences the operating result and the net result for the year.
in millions of euros (unless stated otherwise)
The primary objective of Unlock 25 is long-term value creation for all of Cosun’s stakeholders. Our value creation model explains how we process our raw materials and how we create value through our strategy, commitment and results.
Our success stands or falls with our people. Cosun invests in talent development and personal growth and pursues an active diversity, equality and inclusion policy.
Read this article in the 2023 Annual Report
We want to set the pace in innovation, making the world more sustainable. That is why a team of experts is constantly working on innovations at the Cosun innovation center. In 2023, our efforts were directed towards our new growth area of green and health-promoting ingredients. We have three priorities in that regard:
