“Agricola continues to consolidate its core businesses in 2019 and reports considerable growth on core activities, despite exiting two businesses – agriculture services and convince retail. Our group’s turnover grew 7% in the first six months, in line with growth registered in previous years,” said Grigore Horoi, head of Agricola Bacau.
Agricola International SA, the group’s flagship company that comprises poultry production lines and logistics, reported a turnover of RON241.8 million, up 11% on the year. Sales of poultry increased 9% in volume, the company said.
On the cold cuts segment, operated by Salbac SA, the group’s turnover grew 7%, to RON64.9 million, as sales volumes grew over 4%.
Europrod SA, the group’s producer of ready-meal type products, had a turnover of RON27.5 million, up 12.34% on the year. The company’s exports to EU countries account for 25% of production. The company completed a EUR5.5 million investment at the beginning of the year which doubled its production capacity.
On the egg segment, Avicola Lumina Constanta’s sales remained constant at RON26.4 million after a 16% growth in sales volumes.
Agricola has a market share of 18% on the Romanian poultry market and 19% on the ready-meal segment. Its Sibiu salami is the leading product in its category, with 50% market share.