Markets

Companies Increase Earnings

Companies Increase Earnings

In 2012 the Italian food industry suffered the crisis, but can count on exports and companies ready to take on the challenge of foreign markets. This is what emerges from data released by Federalimentare’s Research Centre examined by the on-line magazine Distribuzione Moderna. According to estimates, 2012 turnover in the Italian food sector went up to 130 billion euros, an increase of 2.3% on the previous year, largely due to pricing effects. Exports reached touched 24.8 billion euros, +8% on 2011, with relevant performance attributed to companies focusing on emerging markets. The following is a breakdown of growth in food exports: United Arab Emirates (+41.5%), Saudi Arabia (+29.1%), Turkey (+38.5%), China (+20.6%), Japan (+21.2%), Thailand (+38.5%), South Korea (+25.9%), and Hong Kong (+19.3%). Marked increases were also noted in Mexico (+35.2%), Russia (+19%), and Ukraine (+18%). Also worthy of mention are companies that invest in spite of the crisis: Granarolo, whose acquisitions in France are aimed at increasing business volumes to 2 billion euros in 2016, and Bauli, with the absorption of the Bistefani and Riso Scotti brands, whose agreement with Spain’s Ebro Foods will serve as an excellent trampoline into foreign markets.