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Greece's Alfa Posts 12.1% Increase In Turnover In 2018

Published on Mar 26 2019 11:05 AM in A-Brands tagged: Greece / pastry / Alfa

Greece's Alfa Posts 12.1% Increase In Turnover In 2018

Greek bakery firm Alfa has posted a 12.1% increase in turnover in full-year 2018, driven by increased exports.

The company posted turnover of €31.74 million for the year, compared to €28.31 million the previous year, news portal foodbusiness.gr reported.

Exports were up 25% last year, the company added, with Alfa products now available in more than 35 countries around the world.

In March, the group completed a €3 million investment in its production equipment, while a larger investment project valued at €6.25 million, focused on expanding its production facilities, is expected to be completed by the end of 2019.

Alfa has also increased its employee count to more than 380 last year, a 22.5% rise.

© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.

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