Orogel sees growth in turnover and investments

Orogel Coop has closed fiscal 2016 with an exceptional performance, posting consolidated revenues of 239.5 million euros (+10%), including 213 million euros in the frozen food sector alone. EBITDA also saw up double-digit growth (+25%) to an estimated 31 million euros (+25%).

This excellent performance is due to the company’s decision to concentrate on health food and certified produce with a varied and innovative range, especially in the vegetable segment. This highly successful strategy has prompted the company’s management to step up investments in production from 80 to 100 million euros in the three-year period 2016-2019. Orogel ranks second in the frozen food market with an 8.2% market share after Findus (21.6%) and ahead of Nestlé (6.7%), while a further 35.7% of the market is controlled by private labels.

Including the output of the Fruttadoro consortium and the cooperatives Arpor and Apora, the Orogel group as a whole generated an aggregate turnover of 625 million euros in 2016 (+9%). In response to this growth, the management has hired 230 new employees to bring the workforce to the current total of 3,167.