Vion Annual Results 2025: a stronger operating performance in a tougher market
A strong first half, followed by a much tougher second half: 2025 brought both progress and significant challenges for Vion. The Annual Report 2025, filed to the Chamber of Commerce on 7 October, shows that operational improvements are making a difference, even as market conditions put increasing pressure on the business. CFO Mattijn Bak explains what is behind the figures, what has changed since the end of 2025 and where Vion is heading.
Better performance, but not yet reflected in the bottom line
“2025 was a year of two very different halves”, explains Mattijn Bak. “We started strongly, but from the summer onwards, pork market volatility, Chinese import tariffs on European pork, African Swine Fever in Spain and high cattle prices put considerable pressure on our business.”
Despite these challenges, normalised EBITDA rose by 12% and normalised EBIT returned to positive at €1.2 million. “Our operational improvements helped us absorb much of that pressure. By improving yields, efficiency and cost control across our sites, we are also making our operations more resilient to future market challenges.”
A different Vion is taking shape
Since the end of 2025, Vion has made further progress. The sale of our German activities is nearing completion and has secured a new three-year financing agreement. At the same time, Vion continues to develop its differentiated supply chains, including Good Farming Star, Good Farming Welfare and De Groene Weg.
The decision to sell the Apeldoorn facility and consolidate production at other Vion sites is another necessary adjustment. With fewer pigs available in the Netherlands, we need to use our production capacity more efficiently while maintaining continuity for customers and suppliers.
“We have made progress, but the market remains difficult”, says Mattijn. “Our priority now is to further develop operational improvements, use our production capacity more efficiently and strengthen Vion’s financial position. For our customers, this means we are building a more resilient business that can continue to deliver reliably, even in challenging market conditions. We value the trust and look forward to continuing our work on resilient food chains together.”
Mattijn Bak
CFO Vion Food Group
