La Doria, the exploit of the covid's period
In the nine months, revenues of € 633.4 million (+ 18.9%) and net profit almost doubled
Results for the first nine months strongly improved compared to the same period of 2019 and higher than forecasts for the La Doria group. Consolidated revenues at 30.09.2020 are up by 18.9% to 633.4 million Euros, the Ebitda amounted to 56.5 million Euros, an increase of 40.5% with Ebitda margin from 7.6% at 8.9%. Ebit was equal to 43.5 million Euros (+ 61%). Finally, for the leading company in the production of tomato preserves, ready-to-use sauces, legumes, and fruit juices under the gd brand, net profit jumped to 36.6 million euros, a significant improvement compared to 19.1 million in the first nine months of 2019, which was partially positively influenced by the presence of foreign exchange income.
According to the President Antonio Ferraioli, "the results achieved in this first part of the year are the result of the exceptional increase in volumes sold, the industrial efficiency achieved also thanks to the full implementation of the investments made in recent years and the extraordinary commitment and sense of responsibility of all our people. These results were also made possible thanks to the consolidated relationships that La Doria has been able to build over the years in a partnership logic with the national and international large-scale retail trade and to the great effort made, both from a production and logistical point of view, to satisfy the ''exceptional peak in demand for goods from customers and consumers, an effort that we hope will be capitalized in the future for a further consolidation of commercial relations with Retailers who have greatly appreciated the reliability and excellent performance of the Group in a moment of great criticality".
EFA News - European Food Agency