At the beginning of the year, the group completed a EUR5 million investment in Europrod, its division of ready-meal type products, which doubled production capacity, company officials said.
Agricola Group reported a total turnover of RON364.7 million in the first half of 2019, nearly 7% higher than in the same period last year, after exiting the convenience retail business and Comcereal.
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.
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 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.
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.