Pig World
  • News
      • Animal Health
      • Breeding
      • Business
      • Environment
      • EU
      • Food Safety
      • Housing
      • Marketing
      • NPA
      • National Pig Awards
      • New Products
      • Nutrition
      • People
      • Pig Fair
      • Politics
      • Training & Education
      • Welfare
  • Features
    • Animal Health
    • Breeding
    • Environment
    • Farm Visits
    • Herd Recording
    • Housing
    • Marketing
    • Nutrition
    • Products
    • Training
  • Comment
    • AHDB Pork
    • Chris Fogden
    • Dennis Bridgeford
    • Peter Crichton
    • Red Robin
    • Veterinary View
    • Zoe Davies, NPA
  • Numbers
  • Pig Prices
  • Magazines
    • October 2025
    • September 2025
    • August 2025
    • 2025 Maximising Pig Health supplement
    • July 2025
    • June 2025
    • 2025 Innovation supplement
    • May 2025
    • April 2025
    • March 2025
    • 2025 Buildings supplement
    • February 2025
    • 2025 Nutrition Supplement
    • January 2025
    • December 2024
    • November 2024
    • 2025 National Pig Awards supplement
    • October 2024
    • September 2024
    • August 2024
    • 2024 Pig Health supplement
    • July 2024
    • June 2024
    • 2024 Innovation supplement
    • 2024 Pig & Poultry Fair Guide
    • May 2024
    • April 2024
    • 2024 Buildings Supplement
    • March 2024
    • 2024 Pig Nutrition supplement
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • 2023 National Pig Awards supplement
    • October 2023
    • September 2023
    • Health Supplement
  • Suppliers
  • Jobs
    • Browse Jobs
    • Post a Job
    • Manage Jobs
  • Classified
  • Events
    • Pigs Tomorrow
    • National Pig Awards
Subscribe
Pig WorldPig World
  • News
      • Animal Health
      • Breeding
      • Business
      • Environment
      • EU
      • Food Safety
      • Housing
      • Marketing
      • NPA
      • National Pig Awards
      • New Products
      • Nutrition
      • People
      • Pig Fair
      • Politics
      • Training & Education
      • Welfare
  • Features
    • Animal Health
    • Breeding
    • Environment
    • Farm Visits
    • Herd Recording
    • Housing
    • Marketing
    • Nutrition
    • Products
    • Training
  • Comment
    • AHDB Pork
    • Chris Fogden
    • Dennis Bridgeford
    • Peter Crichton
    • Red Robin
    • Veterinary View
    • Zoe Davies, NPA
  • Numbers
  • Pig Prices
  • Magazines
    1. October 2025
    2. September 2025
    3. August 2025
    4. 2025 Maximising Pig Health supplement
    5. July 2025
    6. June 2025
    7. 2025 Innovation supplement
    8. May 2025
    9. April 2025
    10. March 2025
    11. 2025 Buildings supplement
    12. February 2025
    13. 2025 Nutrition Supplement
    14. January 2025
    15. December 2024
    16. November 2024
    17. 2025 National Pig Awards supplement
    18. October 2024
    19. September 2024
    20. August 2024
    21. 2024 Pig Health supplement
    22. July 2024
    23. June 2024
    24. 2024 Innovation supplement
    25. 2024 Pig & Poultry Fair Guide
    26. May 2024
    27. April 2024
    28. 2024 Buildings Supplement
    29. March 2024
    30. 2024 Pig Nutrition supplement
    31. February 2024
    32. January 2024
    33. December 2023
    34. November 2023
    35. 2023 National Pig Awards supplement
    36. October 2023
    37. September 2023
    38. Health Supplement
    Featured

    October 2025 issue of Pig World now available

    October 2, 2025
    Recent

    October 2025 issue of Pig World now available

    October 2, 2025

    September 2025 issue of Pig World now available

    September 1, 2025

    August 2025 issue of Pig World now available

    August 1, 2025
  • Suppliers
  • Jobs
    • Browse Jobs
    • Post a Job
    • Manage Jobs
  • Classified
  • Events
    • Pigs Tomorrow
    • National Pig Awards
LinkedIn X (Twitter)
Pig World
Business

Pilgrim’s Europe returns to growth, as pork business delivers £40m profit

Alistair DriverBy Alistair DriverSeptember 19, 20243 Mins Read
LinkedIn Twitter Facebook Email

Pilgrim’s Europe, which includes leading high welfare pig producer and processor Pilgrim’s UK, has announced a significant increase in revenue and profits for 2023 and the first half of 2024.  

The company has published its first accounts under the Pilgrim’s Europe structure, which also includes poultry giant Moy Park, the number one UK and leading European organic and free-range poultry producer and Pilgrim’s Food Masters, described as ‘the UK’s top prepared foods business’.

The accounts show combined 2023 financial year revenues increased by 5.5% to £4.2 billion, with profits after tax almost quadrupling to £106m, up from £27m in 2022, as the company gets back on track to pre-covid levels. Pilgrim’s Europe said the FY23 results were supported by easing inflation in the UK and Europe and wage growth, while shoppers increasingly traded into chicken, pork sausage and lamb relative to other categories.

The upward trajectory continued in the first half of 2024, with profits after tax of £44m, an increase of £17m on the same period last year as consumer sentiment continues to improve.

The Pilgrim’s UK pork business posted a profit of £39.5m for FY23, continuing the turnaround for the business after several years of losses. It has undergone significant changes over the past year or so, as it looked to turn performance around on the pig side, in particular.

The company said that, in addition to the improving external environment, the combined performance demonstrated the ongoing positive impact of the strategic measures implemented by the Pilgrim’s Europe executive leadership to drive greater collaboration, efficiency and growth across the businesses.

Back office consolidation, coupled with ‘footprint optimisation’ and a £60m strategic investment programme focused on the company’s larger facilities over 2023, with benefits also being seen into 2024. The investment includes £12m to consolidate and upgrade its meals facilities at Windmill Lane and Attleborough with a focus on mix optimisation and meeting growing consumer convenience demand.

In line with Pilgrim’s global diversification strategy into branded and value added items, the £400m branded European portfolio continues to perform particularly well. Net sales grew by over 10% in 2023 compared to the full year 2022. Richmond and Rollover brand sales increased over 13% and 31% in the period with branded growth rising a further 6% in H1 2024.

Customer focused

Ivan Siqueira, President of Pilgrim’s Europe, said: “As Pilgrim’s Europe, we have come together to form the largest food business in the UK, and one of the leading integrated food businesses in Europe offering unrivalled capabilities, products, service and innovation to our customers. We are proud to provide local security of supply and high-quality food choices enjoyed by millions across the UK and Europe each year.

“Since bringing together Pilgrim’s UK, Moy Park and Pilgrim’s Food Masters under the Pilgrim’s Europe structure we have taken steps to drive operational excellence to become a more customer-focused, efficient organization.

These moves have reinforced our ability to return to profitable growth in partnership with key customers. We thank all our customers, team members, farmers and partners for their support during the transition period and as we continue to identify ways to increase our speed to market, further simplify our operations and deliver best-in-class customer service and sustainable growth.”

Pilgrim’s Europe operates more than 40 sites including well-invested food production facilities, across the UK, Ireland, France and Netherlands. It is home to around 20,000 team members, working with thousands of farmers, suppliers, food service and retail partners.

 

Share. LinkedIn Facebook Twitter Email
Previous ArticleFrance considering fence on German border to protect against ASF
Next Article Pirbright scientists map genome of inbred Babraham pig in pursuit of health gains
Alistair Driver

Editor Pig World, group editor Agronomist and Arable Farmer and Farm Contractor. National Pig Association webmaster. Former political editor at Farmers Guardian. Occasional media pundit. Brought up on a Leicestershire farm. Works from a shed in his Oxfordshire garden.

Read Similar Stories

Red Tractor celebrates 25 years with new ad and partnership with TV presenter

October 22, 2025

Straw prices for the week ending October 26, 2025

October 22, 2025

NPA urges Treasury to prioritise national biosecurity ahead of Autumn Budget

October 21, 2025
Latest News

Red Tractor celebrates 25 years with new ad and partnership with TV presenter

October 22, 2025

Straw prices for the week ending October 26, 2025

October 22, 2025

NPA urges Treasury to prioritise national biosecurity ahead of Autumn Budget

October 21, 2025
Sponsored Content

Serious about pig welfare? So are we

October 16, 2025

All Vaccines Are Not Equal

September 15, 2025
Current Pig Industry jobs
  • Pig Stockperson – Ref 1790 Co. Antrim

    • County Antrim
    • Roadhogs Recruitment Ltd.
    • Full Time
  • Pig Stockperson – Ref 1789 North Yorkshire

    • North Yorkshire
    • Roadhogs Recruitment Ltd.
    • Full Time
  • Pig Unit Manager – Ref 1788 Northern Ireland

    • County Londonderry, Northern Ireland
    • Roadhogs Recruitment Ltd.
    • Full Time
GETTING IN TOUCH
  • Advertise
  • Contact Us
  • Meet The Editors
  • About Us
  • Email Newsletters
  • Subscribe
  • Reuse permissions
OUR SOCIAL CHANNELS
  • Twitter
  • LinkedIn
PARTNER EVENTS
RELATED SITES
  • Farmers Weekly
  • Agronomist & Arable Farmer
  • Farm Contractor
  • National Pig Awards
  • Pigs Tomorrow
  • Poultry News
  • Weekly Tribune
  • Privacy Policy
  • Cookies Policy
  • Terms and Conditions
© 2024 MA Agriculture Ltd, a Mark Allen Group company

Type above and press Enter to search. Press Esc to cancel.