European Sales Boost Grupo Calvo's Performance In 2019
Spanish food company Grupo Calvo achieved a turnover of €593.3 million in 2019, slightly above the figure of €583 million recorded the previous year.
In Europe, the group's Spanish and Italian markets continued to show positive signs, with both sales and volumes increasing, however its performance was affected by a further devaluation of the Brazilian real and, to a lesser extent, by the Argentine peso.
EBITDA increased by 15% to €45.3 million for the year.
Last year, Grupo Calvo exported more than 101,000 tonnes of finished product worldwide.
Brazil accounted for 48% of volume sales, followed by Spain (22%), Italy (17%), the Central America and Caribbean region (5%), and Argentina (2%), with the remainder distributed to more than 50 markets.
The Calvo brand retained its leadership in the Spanish canned tuna market, the company said.
In South America, Gomes da Costa strengthened its leadership in the canned fish sector in Brazil, and increased its share in the canned sardines market, despite a significant drop in fish consumption.
The company has also adopted the Sustainable Ocean Principles of the United Nations Global Compact, which aims to address existing challenges and achieve a healthy, sustainable and productive ocean.
Most of these issues are already covered under Grupo Calvo’s Responsible Engagement 2025 sustainability plan, which includes concrete and measurable targets in matters pertaining to the environment, people and ocean protection over the next five years.
Among the company’s six objectives are a commitment that 100% of the tuna it uses will be sourced from responsible and sustainable fishing; 100% of the fishery product will be traceable from its point of origin; 30% of catches will be performed without the use of Fish Aggregating Devices (FADs); 100% of FADs will be non-entangling and biodegradable; and that the company is committed to developing collaborative programs aimed at improving marine waste management.
© 2020 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