Agricola Bacau reports 20 percent turnover increase in 2011

Romanian meat producer Agricola Bacau saw total sales reach RON 508.5 million (approximately EUR 119 million) in 2011, up 20 percent y-o-y.

“Compared to 2010, the turnover of the Agricola Bacau group of companies grew by 20 percent and the net profit was approximately 2 percent of the income. Obviously, the performance of companies from the zootechnics industry was seriously affected by price hikes for basic inputs such as cereals and fodders which grew by more than 100 percent compared to 2009,” said Grigore Horoi, president of Agricola Bacau. He added that the local poultry market was flat in 2011 while overall meat consumption decreased.

Y-o-y the company’s sold volumes grew in 2011 by 20 percent for poultry (32 percent in value), 4 percent for meat products (10 percent in value), 11 percent for semi-prepared and ready-meals (19 percent in value). In 2011 Agricola Bacau sold 35 percent fewer eggs as its production facilities underwent a modernizing process.

Simona Bazavan

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