Agricola Bacau reports 5 percent turnover increase in H1

Romanian meat producer Agricola Bacau saw the group’s total sales amount to RON 252.4 million (approximately EUR 57.3 million) in the first semester of this year, up 5 percent y-o-y.

The results are in line with the company’s objectives for this year, said Grigore Horoi, president of Agricola Bacau. In 2012 the company plans to boost poultry sales by 10 percent, 12 percent for semi-prepared and ready-meals and 10 percent for meat products. Agricola Bacau also plans to boost eggs sales by 50 percent after last year it reduced its production capacity following investments in upgrading its facilities.

Poultry sales volumes have gone up by 3 percent in the first semester, albeit the economic context has not been favorable following bad weather conditions in the first quarter, reduced spending in the second quarter and a recent increase of acquisition prices.

For meat cooked and smoked products Salbac, part of Agricola Bacau, saw sales increase by 10.4 percent. “The meat products market is on a downward trend, dropping by up 15 percent. Given this, one could say our results are very good,” said Horoi.

In 2012 Agricola Bacau wants to export 20 percent of the poultry it produces, the same share as last year.

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