MANAGEMENT'S REPORT Danish Agro group achieves record turnover and profit 3 Consolidated market position boosts value growth for farmers Important structural changes c ompleted The group's high financial targets for 2016 have been met MANAGEMENT'S REPORT • ANNUAL REPORT 2016 Christian Pagaard Junker Group CEO Jørgen Hesselbjerg Mikkelsen Chairman of the Supervisory Board of Directors The Danish Agro group became an even stronger partner for the thousands of farmers who trade with us in 2016. The group has achieved record turnover and profit. Furthermore, we have consolidated our position as the sixth biggest agribusiness group in Europe. The group made significant progress in terms of its structure and organisation in 2016. Our position on the Swedish market has been significantly strengthened by acquisitions, agribusiness activities in Denmark, Finland and the Baltics achieved impressive results, and we invested heavily in improved logistics and warehouse facilities in several countries. The machinery division was strengthened by a deal with CLAAS and the start of machinery sales in Denmark, Norway and Sweden. Premix and vitamin activities via the Vilomix group have gone well thanks to acquisitions in Poland and Norway and the start-up
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