Italy's Veronesi Posts Net Revenues Of €2.97bn In 2018
Italian agro-industrial group Veronesi has reported net revenues of €2.97 billion in its financial year 2018.
EBITDA amounted to €157 million, down from €164 million in 2017, while the share of turnover derived from exports was €470 million.
Last year, the group invested €108 million in technological innovations, improving competitiveness and the efficient use of resources.
The company has three reference brands – Veronesi, Aia, and Negroni – and operates 23 production sites across Italy.
Veronesi exports its products to 79 countries, and is one of the leaders in the poultry market in Italy.
Its AIA food unit saw 3.5% annual growth, particularly in value-added items like processed food, charcuterie, and egg products.
The company has implemented strict quality control in its supply chains, conducting scrupulous checks at every stage of production to ensure complete traceability of production.
The use of new technologies and the implementation of best practices in operation has allowed the group to reduce its environmental footprint, it said.
The agro-industry group has generated clean energy at its biogas and photovoltaic plants, equal to the consumption of about 7,500 households.
Commenting on the results, CEO Luigi Fasoli said that strategy based on brand policy, as well as attention to new styles of consumption, innovation, research, competitiveness, and exports, have proved effective in consolidating turnover and profitability.
© 2019 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