“From a quantitative perspective, 2023 brought a stagnation toward slight contraction of the spice market and in terms of value growth was driven by inflation. 2024 does not promise to bring significant changes, with the exception of the ongoing expansion of the private label segment”, according to the company’s officials.
In this context for 2024 the company has drawn up a less upbeat budget. Thus, they expect a 12% lower turnover against 2023. Moreover, it eyes RON55.7 million turnover, from RON66.8 million in 2023.
Fuchs Condimente had an average number of 347 employees in 2023 and a RON15.4 million profit, double the 2022 one.
The company is carrying out a EUR14 million investment to expand its plant of Curtea de Arges and automate production processes, a project that should be completed this summer.
(English version by Catalina Apostoiu)