Caroli Foods Group targets 200m euros in three years
The head of Caroli Foods Group, a company created in the wake of
the merger between Caroli and Tabco-Campofrio charcuterie
producers, maintains he plans to boost sales by 80m euros in the
next three years and drive the company's market share up by
4%.
"In the wake of the deal, we expect turnover to rise from 120m
euros gross at present to 200m euros in the next three years and
the market share to expand from 16% to 20%, only through organic
growth. We believe that joint forces will improve EBITDA, but my
ambition is to get EBITDA of above 10%," says Haluk Akdemir, Caroli
Foods Group CEO.
By sealing the joint-venture, Caroli representatives are not
targeting only domestic development, but also plan to tap into new
markets in the region.
The group now has over 8,000 outlets, two production facilities,
over 400 products in the portfolio and more than 150 sale
agents.
"Now, the restructuring process is divided into smaller projects to
be finalised in 12 to 18 months. The main goals are fewer products,
plant specialisation, the alignment of logistics and
infrastructure".