Chocolate Firm Imperial Anticipates 40% Growth In Sales By 2020
Portuguese chocolate manufacturer Imperial has announced that it ended 2016 with a turnover of €28 million, and the company expects to increase revenue by 9% in 2017, and by as much as 40% by the end of the decade.
The company says that the result is due to the increased internationalisation of the business, which has seen its products now available in 50 countries, thanks to the addition of new markets like Australia, Russia and Middle East, reports Economia Online.
Last year, chocolate exports amounted to 20% of the company's total sales, with European countries accounting for almost half of that figure (48% of sales), followed by Africa (36%), America (9%) and Asia (7%).
For this year, Imperial says that exports should represent 25% of the company's turnover, adding that it expects a turnover growth of more than 40% by 2020.
The Portuguese company reports that the Easter period accounts for 35% of sales volume and Christmas for 30%. Its most famous brands are Jubileu, Regina, Pintarolas, Pantagruel and Allegro, among others.
Imperial is owned by the Vallis Sustainable Investments I Fund.
© 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