Italy's Amadori Reports Turnover Of €1.2 Billion For 2016
Italian agro-food company Amadori has closed 2016 with a total turnover of €1.2 billion. Gross operating margin was €84 million.
The Cesena-based company, which manufactures meat products and eggs, is planning a further €200 million investment over the next five years, according to a press statement.
Last year, the company invested in a new line at the Cesena plant that will be opened by the end of 2017, as well as the expansion of the Mosciano San Angelo distribution plant, and the upgrade of about 80 farms, mainly in the Emilia Romagna and Abruzzo regions.
Amadori has a 30% share of the poultry market in Italy and manages the entire integrated production chain, including feed production, rearing facilities, hatcheries, food processing plants, and distribution.
Commenting on the results, company president Flavio Amadori pointed out that sales volumes grew last year despite a tough market.
© 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