The company had a net profit of RON7.9 million, down 14% on the year. And an average number of 531 employees.
Pambac sells its products in the main local and international modern retail chains and also has eight Pambac and Pambac Caffe stores in Bacau.
Pambac was founded in 1968 and is among the largest local players on the bread and bakery market.
Romania’s local bread and bakery industry is among the least profitable in Europe despite similar production costs.
Romania makes 1.5 million tons of bread per year. Bread consumption per capita in Romania stood at 96.5 kilos per year in 2019, above the EU average of 60 kilos per capita. Statistics also show Romania imports 900,000 tons of frozen bread per year.
The local milling and bakery sector, which includes around 6,000 companies, reaches around RON10 billion (EUR2 billion) a year in a food market of around EUR10 billion a year.