Market conditions remained challenging in 2024. Nonetheless, by collaborating closely with our longstanding partners, we managed to achieve growth and ended the year with a positive result. We have worked diligently to enhance the efficiency of our operations, supply chain and internal organisation by conducting a thorough review of our cost structure. Improvements in process design have enabled us to manage the entire order flow more effectively, resulting in a robust foundation for future commercial growth. I would like to thank all my colleagues for their valuable contribution to this achievement. Thanks to the scalability of our internal organisation, we are well-positioned to welcome new customers and drive further expansion. In line with this, we were proud to begin our partnership with Blue Diamond Group, the UK’s largest garden centre chain, in 2024. Sustainability continues to be a guiding principle in our operations. We remain focused on meeting European regulatory requirements and have committed to the Science Based Targets initiative (SBTi). In addition, we are eager to offer our retail partners detailed insights to help them demonstrably reduce the carbon footprint of the plants category, facilitated by information sharing across the entire supply chain. From 1 January 2025, Royal Lemkes will fall under the scope of the EU’s Corporate Sustainability Reporting Directive (CSRD). We look forward to publishing our first sustainability report in line with the CSRD in 2026. We are fully aware that our achievements in growth, cost efficiency and sustainability would not have been possible without strong collaboration across the supply chain. On behalf of the management team, I would like to express our sincere gratitude for your continued commitment to Royal Lemkes. Your trust and partnership are essential to our success and our shared future. Yours sincerely, Huib Kranendonk Managing Director
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