Italian seafood products manufacturer Callipo has reported a 29% year-on-year growth in turnover during the first three months of 2017, reports Italian daily La Repubblica.
The company ended 2016 with a total turnover of almost €48 million, which marked a 5% increase on the previous year.
The positive performance was mainly due to launch of a new organic line and a range of local Calabrian specialties, as well as the decision to use only iodized sea salt for all its fish products.
Streamlining Production
Efforts to streamline production processes in recent years have yielded positive results above the industry average: in 2016, the company's EBITDA reached €6.5 million, accounting for 15% of turnover, and return on investment was 21%.
The company produces more than 5,000 tons of products annually across its four brands, which also includes Mister Ton, Mister Tonnello and Rosa dei Venti.
Most of the company turnover comes from sales in the main retail channel (57%), followed by wholesale and catering (20%), and other retail outlets (8%). Exports account for 11% of the turnover, with Callipo targeting markets in Canada, Australia and Libya.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine
