Excellent news from the half-yearly financial report of La Doria, the Italian leading group specialized in the production of preserved tomato products, sauces, legumes, and fruit juices under the brand name of large retailers. Turnover and sales volumes increased, profitability remained stable despite the tightening of the competitive scenario. Exports performed well, while sales on domestic market fell slightly.
LA DORIA: GOOD NEWS FROM TURNOVER AND REVENUES
Consolidated revenues reached 349.3 million euros (+2.5% on the same period of 2017). At constant exchange rates, turnover would reach 353.6 million euro (+3.7%). Good performance of the Red Line and Legumes and vegetables lines, which grew by 4.4% and 2.8% respectively. Overall, the group’s turnover was generated by Legumes and vegetables for 27%, Tomato derivatives for 22%, Sauces for 12%, Fruit for 10%, and Other Lines (trading) for 29%. About 80.3% of sales were made abroad (+6.8%), while the weight of the domestic market was 19.7%, with revenues down 7.4%.
FUTURE INVESTMENTS
In a market environment characterized by fierce competition, La Doria will continue to focus on increasing its market share by increasing its sales volumes in the second half of 2018. In the first six months of the year, in fact, a huge four-year investment plan was launched, worth around 115 million euros, to increase production capacity in the product categories with the highest added value and with higher potential growth rates, such as ready-made sauces. “The plan will allow us to consolidate our competitive advantages – explains president and CEO Antonio Ferraioli – on which we will focus to continue to be a global leader in the supply of private labels products”.