Operating profit at Taylors Bulbs fell to £1.87m from £2.08m.
Director Adam Taylor said Spalding-based Taylor's maintains its position as the preferred supplier in the sector and that results were "in line with targets set" taking into account changes in the market and climatic conditions.
Taylors Bulbs cited foreign exchange risks, which it mitigates by forward buying of currency as a factor in its results. Commodity risk was another factor, mitigated by contracting supply price and quantity and having a wide customer spectrum.
Taylors plans to invest in machinery and to improve warehouses this year.
Meanwhile, this year's Carlo Naef trophy has been awarded to Taylor's director Brian Taylor in recognition of his life-time involvement within the Taylor family’s horticultural and farming business based in Holbeach, Lincolnshire and also in appreciation of his personal dedication and association with the broader daffodil bulb and flower growing industry to which he has given much of his own free time representing this important horticultural sector on various committees and trade associations.
Springfields Horticultural Society chief executive David Norton said:
"Working alongside his brothers John, Roger and Brian helped to develop the family business, O A Taylors & Sons, which today is the main UK supplier of pre-packed bulbs to garden centres, retailers and other outlets all around the country. Brian’s primary role at Taylors was the production of the daffodil bulbs and flowers.
"He was one of the first people to start exporting daffodils to Holland back in the 1970s and at one time Taylors became the largest exporter of English daffodil flowers to the Dutch flower auctions. This led to the opening up of other new opportunities exporting hundreds of thousands of bunches of daffodils each spring all over Europe as well as to the USA and Canada. Taylors also supplied daffodil bulbs to the pharmaceutical industry for the extraction of galantamine which was used as a treatment for Alzheimer's."
Adam Taylor has been on the NFU Ornamentals Committee and NFU Bulbs Sub-Committee (as chairman); HDC Bulbs and Outdoor Flowers Panel and the Kirton Experimental Horticultural Station Bulbs Committee (as chairman). He had roles with the NFU South Holland Horticultural Association and South Holland Growers Club as well as the Spalding Flower Parade Committee and the Springfields Horticultural Exhibition (S.H.E.) Committee.
Norton added: "Brian has always been a dedicated supporter of the daffodil bulb and flower industry and those who work within it, and it is therefore justly fitting that he should receive this recognition from the industry that he has supported all his life, an award that his colleagues and associates would like him to accept as a sincere thank-you for his efforts on their behalf and as a sign of their appreciation of his considerable achievements."
Springfields Horticultural Society chairman Peter Ruysen presented the silver salver award, gifted in 1992 by flower importers J & E Page, as part of their celebrations to mark the 90th birthday of their chairman, Carlo Naef.