The company posted net profit of above RON12.2 million, (EUR2.5 million), 54% more than in the previous year. It reached an average number of 541 employees, 10 more than in 2019.
Pambac is present in the main international and national modern retail networks of Romania and it also has its own Pambac and Pambac Caffe stores in Braila.
Pambac was founded in 1968 and is among the largest local players on the bread and bakery market.
Romania’s bakery industry is among one of the least profitable in Europe, despite similar production costs. This has pushed most producers to expand their product range, adding higher added value items.
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.
(English version by Catalina Apostoiu)