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Milgro shows strong results for Q1 & Q2

Milgro shows strong results for Q1 & Q2

Thursday, August 23, 2018

Milgro Groep can look back on a strong first half of 2018. Net revenue showed a 40% growth compared to the first six months of 2017. Turnover grew even faster.

These results continue the trend shown over the past few years. In 2017, net revenue grew by 30%, while EBITDA almost doubled to over 1.4 million euros. “The chosen strategy, aimed at further accelerating growth, is paying off,” says Ruud Hageman, co-CEO of Milgro. “It’s positive that the growth is widely distributed. We are achieving better results than expected in all our target markets and we expect to be able to continue this trend, by growing towards 40 million euros over 2018 as a whole. In the next few years, the focus of our value proposition will gradually move further towards being a technology and data partner. That is why we are further increasing investments in our digital platform.”

Laurens Groen, founder and co-CEO of Milgro, is also optimistic: “We notice that our position at the heart of the circular economy continuously offers new opportunities – both in the Netherlands and abroad. The context is dynamic, so our organization needs to offer a large degree of scalability, adaptability and entrepreneurship. We want to take steps towards that goal every single day. In the first half of the year, we have succeeded in this.”