European Protein Advances in New Financial Statement

European Protein, producing fermented protein for feed, looks back on a satisfying 2024, where the export of health-promoting protein solutions drove sales forward.

European Protein Denmark ends 2024 with a gross profit of 13.7 million DKK and a profit of 4.4 million DKK before tax.

The CEO, Jens Legarth, is pleased with the 2024 financial results, building on growing exports and increased interest in promoting animal health:

“Export markets are also demanding protein solutions supporting healthier animal production. There is a greater focus on prevention, gut health, and food safety. Therefore, customers are increasingly buying into the documented health benefits of feeding with lactic acid fermented proteins”, the CEO explains.

New Factories Based on Danish Technology

It is not only animal producers but also feed producers who are increasingly demanding fermented protein solutions. The technology behind it ensures high protein quality and resource-efficient production, which is attractive in a market characterised by intense price competition.

Therefore, in 2024, European Protein entered a new partnership with Malaysian Yenher Holdings Berhad to establish a new factory in the Southeast Asian market.

“Southeast Asia will become the third-largest consumer of soy protein by 2028, and therefore, we need local anchoring with our fermentation technology. Not only to help with high-quality fermented soy protein but also to utilise more of the supplementary, local by-products such as palm kernel cake for feed,” says the director.

The Malaysian fermentation factory is expected to be ready by the end of 2025 and will join the existing three factories in Denmark, the USA, and Ukraine.