The first half of 2024 has marked a notable improvement in the financial and economic performance of Valsoia, the Italian group specializing in healthy and vegan food products compared to the same period in 2023. The company posted sales revenues of €58.03 million, reflecting a 4% increase (€2.22 million) year-on-year.
Operating profitability (EBITDA) rose to €7 million, a 15% increase, with an improved EBITDA margin of 12.1%. Meanwhile, net operating profit (EBIT) reached €5.6 million, up 18.8% from the same period last year, representing 9.6% of sales revenue. Net profit for the period grew by 11.4%, reaching €4.1 million, equivalent to 7.1% of total revenues.
Lorenzo Sassoli de Bianchi, Chairman of Valsoia, expressed satisfaction with the results, stating: “I am pleased with our company’s revenue growth in the first half of the year, especially given the ongoing contraction in Italy’s packaged consumer goods market. We are particularly encouraged by the robust performance of our plant-based ice cream, which saw significant growth in both volume and market share despite an unfavorable spring. Valsoia’s solid financial position allows us to confidently invest in future growth, particularly innovation and communication.”
THE EXPORT EXPANSION OF VALSOIA
Valsoia’s exports rose by 9.5% in the first half, generating net sales of €5.3 million. This growth mirrors the group’s previous years’ performance and underscores the health of its brands—Valsoia, Santa Rosa, Diete-tic, and Piadina Loriana—particularly in markets where the company has established a strong direct presence and distribution network.
POSITIVE TRENDS CONTINUE INTO SUMMER
The growth trends from the first half have largely held steady in the July-August period, with sales continuing to rise in both domestic and international markets. Valsoia’s plant-based ice cream, Santa Rosa jams, and Diete-tic sweeteners were among the standout performers.
