Agricola International, the company’s largest company, posted a 19% rise in sales, to RON256.18 million.
Agricola Bacau exports mainly to Germany, the Netherlands, France, Greece and the United Kingdom.
The group expects to conclude the year with a 21% rise in sales, to RON500 million, with RON341 million coming from Agricola International.
Agricola Bacau recently announced it will invest EUR3 million to launch 100 stores over the next two years. However, the company plans to lay off 140 employees by the end of the year.
The group is owned by several Romanian investors, including social democrat MP Gheorghe Antochi, who has a 20% stake.
On the market, the group competes against Avicola Brasov, Transavia Alba-Iulia, Avicola Calarasi, Avicola Buzau and Agroli Group. (EUR1=RON4.3243)