Italy-based consumer products company Bolton Group has seen an 11.6% increase in consolidated revenue for 2016, growing to €1.96 billion, while profit was up 9.9% to €210.8 million.
Il Sole 24 Ore reports that the result was achieved, in particular, due to the consolidation of the full year revenues of Garavilla, a Spanish fish group acquired in October 2015.
Italy is still Bolton Group’s main market, although international revenues have grown from 7.8% in 2015 to 12.1% in 2016.
The company's food division saw a 24.8% rise in revenue last year, with growing sales in Italy, Germany, Central Europe and the Middle East.
The household care division recorded a good performance in Italy and the Middle East, while revenue from personal care and cosmetics was stable, and the positive trend from the past years for the adhesives and glues division continued.
Milan-based Bolton Group owns more than 50 brands, including Rio Mare, Palmera and Simmenthal in the food segment. The company’s FMCG portfolio is available in over 125 countries, with 12 productions sites - four in Italy and eight abroad.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine