Granarolo closes 2016 with 9.5% revenue growth

Granarolo posted consolidated revenues of 1.18 billion euros in 2016, 9.5% up on 2015. EBITDA totalled 81 million euros (+16.1%) and net profits 22.6 million euros (+25.3%). The net financial position also improved to reach 87.6 million euros, a year-on-year increase of 12.5 million euros.

These excellent results are largely due to eight acquisitions completed in the last 15 months, 5 of which were outside Italy. The company operates 15 production facilities and generates 76% of its total revenues in Italy, while abroad it has two facilities in France and Brazil, one in Chile and one in New Zealand.

In 2016 the company reported a 5.6% contraction in its core business of milk (441 million euros) but improvements in the segments of cheese (478 million euros), plant-based products, ham, vinegar and pasta (262 million euros).