Mutti today is one of the several leading Italian tomatoes paste firms, which is family-owned, coming from a period of consolidation in food industry. In2014 Mutti’s consolidated revenues reached Eur 190,8 million, up 14,9% compared with 2013. The EBITDA was 26,3 millions up to 25% over the previous year. Also the first months 2015 are showing a double digit growth. The company, recently, agreed to close its financial partnership with Crédit Agricole bank. The business started four years ago and concluded with the bank’s move of selling its 5% share’s quotas. The firm is open to reconsider new players, according to the board.
Mutti company, owned by Mutti family and based in the Northern Italian city of Parma, is led by Francesco Mutti, the chief executive. “This time” – he says -” there is nothing really true, we are scouting. But we are excluding both hypothesis of a financial fund which is not coherent with our industry philosophy as well as the entering of a new company.” The Mutti family has for several years suggested it may consider a listing on the stock exchange.” We are willing to evaluate to go public in order to finance growth by acquisitions. It can be ingenious not to considering such of reality”he says. “This time” – he says -” there is nothing really true, we are scouting. But we are excluding both hypothesis of a financial fund which is not coherent with our industry philosophy as well as the entering of a new company.”
Francesco Mutti has a goal: ” in our effort to constantly improve the business, we want to grow abroad reaching 50% in revenues of the net profit within two years”. Moreover he does not exclude a shopping activity abroad “we want to grow by external acquisitions. We have a strategy based on a commercial purposes, consequently we are oriented growing by acquisitions. It can be not only in Italy.”
