In 2021, FOSS had a turnover of DKK 2.3 billion with an organic growth of more than 8% and considerable progress in North America, South America, Europe, and China with organic growth rates ranging from 10% to 21%. The analytical solutions business for especially meat, milk, and grain has had a very good year.
Making sustainability a better business - and helping the global food industry into the future
Major investments in research, development, and digitalization have paid off, and FOSS' leading position in the field of innovative and digital solutions for the global food industry will support a sustainable food production in the future.
In August 2021, FOSS announced the largest digital investment in the company's history - FOSS Software Services.The new digital division will create novel hardware-independent solutions that enable food companies to secure production in a 360-degree perspective, and cover significant areas within food safety, supplier and quality management, compliance, and production optimization.
FOSS' digital journey started many years ago, but the major investments and strategic decisions of recent years have kicked digitalization of the food industry into a higher gear.
“We see it as a special responsibility that we, as a global market leader, take the lead with innovation of analytical solutions and digitalization for a sustainable food production. FOSS is built on strong values that, after more than 65 years, are still absolutely central to everything we do. FOSS' values are to be first, customer-focused and grounded in knowledge, experience, and collaboration. They are so deeply rooted in the organization that they instinctively follow all new development projects and interactions with customers. FOSS Software Services is another concrete example of this. We take the lead in creating a food production that will be far more data-driven, intelligent, and adaptable in the future.
FOSS will also meet the future’s challenges and demands regarding the production of plant-based foods. As one of the newer food areas, it is experiencing rapid growth, and analytical solutions will be needed to optimize production, improve quality, and ensure food safety,” says CEO of FOSS, Kim Vejlby Hansen.
Figures from the FOSS group’s 2021 annual results (m DKK)
|Profit for the year||437||394|
|Other key figures|
|Growth in turnover||6,9%||-0,3%|
|Hereof organic growth in turnover||8,3%||-2.9%|
|Number of employees (yearly average)||1,566||1,529|
FOSS contributes to the sustainable use of our planet’s agricultural resources and thus to the nutrition and health of the people of the world. Through analytics, FOSS adds value to customers - which counts the world's 100 largest food companies - by improving food quality and optimising production, from raw material to finished product. By turning measurement into information,businesses can run intelligent, data-driven productions with less waste and bigger yields. FOSS helps food and agricultural producers scale their business faster and smarter. Nils Foss founded the family-owned company in Hillerød in 1956. Today, FOSS employs more than 1,600 highly qualified people in more than 30 countries with consolidated sales of DKK 2.29 bn in 2021.
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