Italian food company Conserve Italia has reported increased turnover in Italy, boosted by a 3% growth of sales in foreign markets.
Conserve Italia also saw growth in the HoReCa (+3%) and retail channels (+1.4%), somewhat offsetting the decline in sales of private label products that led to a slight increase in net-net revenues (+0.2%). The company achieved a profit of over €5 million in the same period.
Conserve Italia invested €40 million, mostly to support its brands Cirio, Valfrutta and Yoga.
According to the president of Conserve Italia, Maurizio Gardini, the positive results are even more important in view of the substantially negative trend of the markets, especially for fruit juices and, to a lesser extent, tomato-based products. He pointed out that the 14,000 partners this year delivered 500,000 tonnes of fruit, tomatoes and vegetables, which is 12% more than in 2015.
For his part, director general Pier Paolo Rosetti said the company will concentrate its efforts on promoting the Valfrutta brand as “first hand bio” and developing a number of organic farms. He added that the company is currently present in 73 countries and will continue to strengthen its presence abroad.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.
