Its turnover climbed 40.1% on the year to RON27.2 million in January-June 2022.
The production sold grew by 36.3% on the year to RON36 million in the first six months of 2022. The operating income stood at RON28.2 million in the first half of 2022, up 46% on the year, while operating expense reached RON28.9 million, up 56% on the year.
Golden Foods Snacks expects exports to increase from nearly 4% to as much as 12% of the total sales in the coming years.
Golden Foods Snacks specializes in the production and packaging of peanuts, seeds and dehydrated fruits. It entered the Romanian market in October 2009 and it is one of the leading players active on the Romanian salty snacks market. The company also produces and packs private labels for its partners.
In 2022, Golden Foods Snacks has started a partnership for the delivery of Elmas products to PepsiCo Romania. During the first two months of collaboration with PepsiCo Romania, the company has managed to triple the numeric distribution on the Romanian market as compared to 2021.
“Under the distribution partnership with PepsiCo Romania, Golden Foods Snacks SA aims to increase the number of customers five times compared to 2021, until the end of 2022.”
Golden Foods Snacks is 47.4% held by GF Holding Limited, 37.6% owned by Golden Brands Limited and 15% by I.G. Hellas Group.