Caroli Foods plans 63 million euro in turnover this year

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Cold cuts producer Caroli Foods expects this year a turnover in excess of 63 million euro, outpacing the 6 – 7 pct market growth, executive president of the company’s local branch Haluk Akdemir told a press conference.
 
"Our turnover this year will be above 63 million euro. The positive results come from the efficient use of growth resources arising from redirecting the consumers’ available incomes and from the clients’ choice growing more sophisticated," said Akdemir.
 
The company expects this year an operational profit higher than five million euro, and its turnover is to rise constantly to about 85 million euro by 2010.
 
In Q1 2008, the turnover advanced 19 pct from the same period of 2007, reaching 13 million euro, whereas the operational profit went up 10 pct against the same period of the year before.
 
According to market research institute MEMRB, Caroli Foods controls 10.3 of the market by amount and 10.4 pct by value, up from the year before.
 
Caroli Foods announced that it would invest this year some five million euro in the development of its logistic platform in Pitesti; although the company is not yet prepared to open new production facilities, Caroli Foods representatives did not deny the possibility of further takeovers on the local market.
 
Caroli Foods ranks second on the Romanian cold cuts market with five brands: Gourmet, Caroli, Maestro, Sissi and Primo Familia. In 12 years of local activity, the group invested over 35 million euro in charcuterie processing and distribution. The company employs 1,300 people in two plants sited in Pitesti.
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