SIPEF Logo

SIPEF

ISIN

BE0003898187

Ticker

SIP

Sector

Consumer Staples

Sub-Industry

Agricultural Products & Services

Country

Belgium

Year Founded

1919

About SIPEF

Company Description

SIPEF is a Belgian company, based in Schoten and listed on Euronext Brussels. It currently operates agro-industrial activities in the production of oil palm products, i.e. fresh fruit bunches (FFB), crude palm oil (CPO), palm kernels (PK), crude palm kernel oil (CPKO), as well as bananas, natural rubber, tea, flowers and foliage.

The Headquarters constitute a team of about 20 people. The subsidiaries located in Indonesia, Papua New Guinea and Ivory Coast employ more than 21 000 people.

Since 2021, SIPEF has also been operating in Singapore through SIPEF Singapore Pte Ltd. From there, the COO APAC, Petra Meekers, closely monitors all the Group's activities in Indonesia and Papua New Guinea.

Served Area

Worldwide

Headquarters

Kasteel Calesberg Calesbergdreef 5
2900, Schoten, Antwerpen
Belgium

Financial statements

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Line item in (usd) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 946,641,000.00 991,765,000.00 1,062,223,000.00
Noncurrent Assets N/A 809,753,000.00 815,303,000.00 847,168,000.00
Bearer Plants N/A 315,826,000.00 307,371,000.00 316,714,000.00
Other Property Plant And Equipment N/A 354,811,000.00 359,896,000.00 379,931,000.00
Investment Property N/A 0.00 0.00 0.00
Goodwill N/A 104,782,000.00 104,782,000.00 104,782,000.00
Intangible Assets Other Than Goodwill N/A 473,000.00 348,000.00 226,000.00
Investment Accounted For Using Equity Method N/A 4,630,000.00 3,598,000.00 3,032,000.00
Noncurrent Receivables N/A 16,101,000.00 25,666,000.00 28,287,000.00
Other Noncurrent Receivables N/A 16,101,000.00 25,666,000.00 28,287,000.00
Deferred Tax Assets N/A 13,049,000.00 13,550,000.00 14,097,000.00
Other Noncurrent Financial Assets N/A 80,000.00 92,000.00 98,000.00
Current Assets N/A 136,888,000.00 176,462,000.00 215,055,000.00
Inventories N/A 29,648,000.00 48,017,000.00 48,936,000.00
Trade And Other Current Receivables N/A 76,877,000.00 82,161,000.00 92,371,000.00
Current Trade Receivables N/A 27,731,000.00 32,282,000.00 44,643,000.00
Other Current Receivables N/A 49,146,000.00 49,878,000.00 47,728,000.00
Current Tax Assets Current N/A 11,766,000.00 1,469,000.00 1,100,000.00
Current Biological Assets N/A 6,763,000.00 9,168,000.00 10,936,000.00
Cash and cash equivalents N/A 9,790,000.00 19,939,000.00 34,148,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale N/A 0.00 13,520,000.00 13,520,000.00
Current Derivative Financial Assets N/A 0.00 0.00 1,639,000.00
Current Investments N/A 0.00 38,000.00 10,208,000.00
Other Current Assets N/A 2,043,000.00 2,151,000.00 2,197,000.00
Equity And Liabilities N/A 946,641,000.00 991,765,000.00 1,062,223,000.00
Equity 663,010,000.00 674,550,000.00 766,183,000.00 850,144,000.00
Issued Capital N/A 44,734,000.00 44,734,000.00 44,734,000.00
Share Premium N/A 107,970,000.00 107,970,000.00 107,970,000.00
Treasury Shares N/A 10,277,000.00 11,521,000.00 11,588,000.00
Equity Attributable To Owners Of Parent N/A 638,688,000.00 727,329,000.00 817,803,000.00
Noncontrolling Interests N/A 35,862,000.00 38,854,000.00 32,341,000.00
Noncurrent Liabilities N/A 126,460,000.00 113,402,000.00 89,665,000.00
Noncurrent Provisions N/A 1,354,000.00 1,125,000.00 767,000.00
Noncurrent Payables N/A 0.00 0.00 0.00
Noncurrent Advances N/A 0.00 4,830,000.00 0.00
Deferred Tax Liabilities N/A 44,010,000.00 46,950,000.00 48,131,000.00
Noncurrent Recognised Liabilities Defined Benefit Plan N/A 24,810,000.00 22,290,000.00 20,448,000.00
Current Liabilities N/A 145,631,000.00 112,180,000.00 122,414,000.00
Trade And Other Current Payables N/A 35,947,000.00 66,404,000.00 83,438,000.00
Trade And Other Current Payables To Trade Suppliers N/A 21,384,000.00 23,605,000.00 29,863,000.00
Current Advances N/A 1,071,000.00 11,934,000.00 5,698,000.00
Other Current Payables N/A 8,805,000.00 11,519,000.00 14,437,000.00
Current Tax Liabilities Current N/A 4,687,000.00 19,346,000.00 33,440,000.00
Other Current Financial Liabilities N/A 86,128,000.00 12,477,000.00 5,323,000.00
Liabilities Included In Disposal Groups Classified As Held For Sale N/A 0.00 0.00 0.00
Current Derivative Financial Liabilities N/A 793,000.00 2,066,000.00 0.00
Other Current Liabilities N/A 4,220,000.00 12,749,000.00 15,063,000.00
Line item in (usd) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 274,027,000.00 416,053,000.00 527,460,000.00
Profit Loss From Operating Activities 30,778,000.00 139,416,000.00 178,312,000.00
Finance Income 2,012,000.00 1,475,000.00 1,300,000.00
Finance Costs 5,103,000.00 3,096,000.00 3,803,000.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method -1,059,000.00 -1,091,000.00 -566,000.00
Profit Loss Before Tax 28,065,000.00 136,637,000.00 172,557,000.00
Income Tax Expense Continuing Operations 10,828,000.00 36,075,000.00 59,536,000.00
Profit Loss From Continuing Operations 16,178,000.00 99,471,000.00 112,455,000.00
Profit Loss From Discontinued Operations 0.00 0.00 0.00
Profit (loss) 16,178,000.00 99,471,000.00 112,455,000.00
Profit Loss Attributable To Owners Of Parent 14,122,000.00 93,749,000.00 108,157,000.00
Profit Loss Attributable To Noncontrolling Interests 2,055,000.00 5,722,000.00 4,298,000.00
Line item in (usd) 01.01.2021 01.01.2022 01.01.2023
Profit (loss) 16,178,000.00 99,471,000.00 112,455,000.00
Adjustments For Depreciation And Amortisation Expense 43,581,000.00 48,616,000.00 47,939,000.00
Adjustments For Provisions 197,000.00 2,452,000.00 -2,326,000.00
Adjustments For Unrealised Foreign Exchange Losses Gains -169,000.00 0.00 0.00
Adjustments For Sharebased Payments 128,000.00 121,000.00 140,000.00
Other Adjustments For Noncash Items -1,266,000.00 -773,000.00 947,000.00
Cash Flows From Used In Operations 76,834,000.00 170,273,000.00 210,260,000.00
Cash Flows From Used In Operating Activities 73,262,000.00 160,311,000.00 165,295,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities 0.00 0.00 5,500,000.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities 2,401,000.00 5,521,000.00 1,517,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities 24,743,000.00 41,256,000.00 49,864,000.00
Purchase Of Intangible Assets Classified As Investing Activities 49,000.00 40,000.00 0.00
Cash Flows From Used In Investing Activities -51,963,000.00 -48,041,000.00 -91,283,000.00
Proceeds From Issuing Shares 0.00 0.00 0.00
Payments To Acquire Or Redeem Entitys Shares 0.00 2,194,000.00 176,000.00
Interest Paid Classified As Financing Activities 4,331,000.00 2,386,000.00 631,000.00
Cash Flows From Used In Financing Activities -22,162,000.00 -102,084,000.00 -49,633,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes -863,000.00 10,187,000.00 24,379,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents 0.00 0.00 0.00
Cash and cash equivalents 9,790,000.00 19,939,000.00 34,148,000.00

Please note that some sums might not add up.

Filings & Publications

  • Consolidated Report 2021 - Q4 English 🇬🇧
  • Consolidated Report 2021 - Q4 Dutch 🇳🇱

Insider Trades

Date Trading entity / Person Association Trade type Volume
14.06.2024 Van Hoydonck François Board Sell EUR 114,400.00
14.06.2024 Van Hoydonck François Board Buy EUR 109,420.00
14.06.2024 Van Hoydonck François Board Sell EUR 2,304.00
14.06.2024 Van Hoydonck François Board Buy EUR 2,188.40
08.12.2023 Kessels Robbert Executive member Buy EUR 0.00
07.12.2023 Dewulf Charles Executive member Buy EUR 0.00
06.12.2023 Hildenbrand Thomas Executive member Buy EUR 0.00
05.12.2023 Meekers Petronella Executive member Buy EUR 0.00
22.05.2023 Van Hoydonck François Board Sell EUR 119,433.00
22.05.2023 Van Hoydonck François Board Buy EUR 107,781.00

Capital Markets Information

ISIN

BE0003898187

LEI

549300NN3PC8KDD43S24

Listed Stock Exchange

Euronext Brussels

Main Stock Exchange

View SIPEF on stock exchange

Contact Investor Relations Department

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