Louis Dreyfus Company, headquartered in Rotterdam, has recently unveiled its inaugural integrated report, offering a comprehensive overview of its financial performance and sustainability accomplishments throughout 2023. Despite encountering challenging geopolitical dynamics and climate-related challenges, the company reported strong financial results, with net sales reaching US$50.6 billion and EBITDA reaching US$2,222 million.
The CEO of the Group, Michael Gelchie, expressed his contentment with the robust performance, emphasizing the contribution of both business segments to the company’s success. He attributed their achievements to the global network, market insight, and efficient risk management, highlighting their commitment to bridging supply and demand gaps across various essential value chains.
In line with their strategic expansion plans, Louis Dreyfus Company significantly increased its capital expenditure, signifying a dedication to enhancing its core merchandizing activities. Additionally, the company expanded its operations in Brazil, Australia, China, and the United States, demonstrating its ongoing efforts to strengthen its presence in key markets.
Moreover, 2023 marked the unveiling of LDC’s Food & Feed Solutions Platform, aimed at meeting evolving customer demands. The company also made significant progress in advancing its diversification and downstream integration plans, including the commissioning of a freeze-dried instant coffee plant in Vietnam and expanding its B2C portfolio in China.
Louis Dreyfus Company’s commitment to sustainability was a key focus of its 2023 initiatives, with an emphasis on six priority areas derived from a materiality assessment conducted in 2022. They unveiled a detailed climate transition plan, with a clear target to reduce emissions by 2030, in addition to efforts to drive regenerative agriculture practices and enhance supply chain traceability.
The company’s dedication to sustainability was underscored by Michael Gelchie, who highlighted the importance of conducting business in a fair and sustainable manner. He emphasized the significance of sustainability in ensuring the long-term success and resilience of the business, especially in light of evolving stakeholder priorities.
Louis Dreyfus Company’s 2023 Integrated Report, including Audited Consolidated Financial Statements, is available for download, providing stakeholders with transparent and comprehensive insights into the company’s performance.
In conclusion, Louis Dreyfus Company’s 2023 financial and sustainability report showcases a year of resilience and growth, highlighting their steadfast commitment to delivering value to their stakeholders while prioritising sustainable practices across their operations.
For more information about Louis Dreyfus Company, please visit www.ldc.com. For media inquiries, kindly contact [email protected].