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Tonkens Agrar (GTK)

Business description

Tonkens Agrar is engaged in the cultivation of crops including cereals, potatoes, onions and oil seed rape; the storage, processing and marketing of vegetables; milk production; and the production of renewable energy from biogas plants and photovoltaic installations. It farms c 3,000 hectares of high-quality land in the Saxony-Anhalt region of Germany.

Investment summary

Management’s strategy of generating more profit from its crops by selling processed onions and potatoes, supported by higher farm gate milk prices and an exceptional profit on the sale-and-leaseback of land, delivered a three-fold increase in profit after tax during H117/18. Management has raised FY17/18 guidance and now expects a year-on-year increase in both revenues and profit after tax.

Last updated on 23/04/2018

Key management

Gerrit Tonkens, CEO
Steffen Gaede, Commerce Director

Company address

Welsleber Straße 1
Sülzetal
39171
Germany
+49 (0) 39205 41 74 - 10
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