CAPSA FOOD profit growa 11,8% to exceed 15 millone euros

  • – Net turnover increased by 50 million euros, to 695 million, 7.7% higher than 2016.
    – CAPSA FOOD strengthens its brand leadership in the milk, cream and butter markets. Its brand Central Lechera Asturiana is present in more than 50% of Spanish households.
    – Sales in the international market exceed 50 million euros, 7.2% of CAPSA’s net turnover.
    – The RepTrack 2017 report ranks CAPSA as the company with the best reputation in Spain.

    The CAPSA FOOD (Corporación Alimentaria Peñasanta SA) Ordinary General Shareholders’ Meeting has approved the annual accounts and presented the results for the 2017 financial year.

    The dairy company ended the year with turnover of 695 million euros, which is an increase of 50 million, 7.7% more than in 2016, EBITDA of 37.39 million euros (6.7% higher than the previous year) and net profit of 15.2 million euros, 11.8% higher than the previous year.

    Implementing the 2013-2019 Strategic Plan was key in the constant evolution that the company has accumulated year-after-year and that, if placed into perspective over the last five years, translates into an increase from a negative result of 1 million euros in 2012, the starting point before implementing the Plan, to 15.2 million euros in 2017. EBITDA also increased in the same period, showing growth that exceeds 104% with respect to 2012. Factors such as increased brand sales together with efficient management (cost optimisation, process improvement, diversified businesses and markets, etc.) are fundamental in explaining this growth.

    The year 2017 ended with 914,679.67 million litres of milk collected from 100% Spanish origin, which is an increase of 2% compared to 2016.

    With regard to consumption data in the Spanish market (Source: Nielsen, YTD s5217), CAPSA reinforces its leadership in milk, cream and butter, closing 2017 with a 14% share in the liquid milk market compared to 13.2% in the previous year, 12.5% in cream (in 2016 it was 12.3%) and butter from 17.8% in 2016 to 21.3% at the end of 2017.

    In the hospitality channel, CAPSA increased sales by 6%, also incorporating yogurts and cheeses into its commercial offer in this segment.

    In the international market, sales exceeded 50 million euros this year, 7.2% of CAPSA’s net amount turnover. Today, the company is present with its products in more than 40 countries and in 2017 it added new destinations including Macao, Hong Kong, Guinea Bissau, Qatar, Bahrain, Mexico, Chile and Panama among others.

    Regarding the industrial ingredient business, Innova Food Ingredients continues to develop projects that have enabled it to grow by 25% compared to 2016.

    COMPANY WITH THE BEST REPUTATION IN SPAIN AND MOST CONSUMED BRANDS

    In 2017, CAPSA FOOD was awarded with recognitions and awards including the company with the best reputation in Spain according to the RepTrack 2017 study by the Reputation Institute. This recognition coincides with the 2016 launch of the CSR Strategic Framework that is based on four pillars: supporting the primary sector and the rural world, promoting health through nutrition and healthy living habits, protecting the natural environment and continuing to be an exemplary employer.

    This year the Brand Footprint study placed Central Lechera Asturiana as the fourth most consumed brand in Spain with presence in more than 50% of households and the leading brand in Asturias and Cantabria. This same study positioned LARSA as the most consumed brand in Galicia. According to the Authentic Brands study, Central Lechera Asturiana is also positioned as the most authentic Spanish brand. It also received the 2017 Taste of the Year Award for its traditional milk, the World Cheese Awards in the silver category for its Cabrales and a bronze award for the Smoked Bar Cheese.

    With four leading brands, Central Lechera Asturiana, ATO, Larsa and Innova Food Ingredients, CAPSA FOOD has renewed the Gold Seal + 500EFQM and the Top Employers certification. In this same year it was also recognised with the FADE award for HR management.

    It has also been awarded the Caixabank Innovation Character Award and the Carrefour Award for the most innovative company in Asturias.

    CAPSA FOOD (Central Lechera Asturiana, Larsa, ATO, Vega de Oro and Innova Food Ingredients) is the leading company in the Spanish dairy market with seven production centres throughout Spain providing direct employment for more than 1,300 people with international presence in more than 40 countries.

    In 2017 it was recognised as the company with the best reputation in Spain according to the REPTRAK study by the Reputation Institute. CAPSA FOOD is also the first Spanish food company with the 500+ European Seal of Excellence awarded by the European Foundation for Quality Management (EFQM) and the Excellence in Management Club (CEG), which implies that it is a well-managed company and a “model to follow” in Spain, a company that innovates in the market with new formats and new products with functional benefits and creates an excellent work environment for professionals’ development.

    Within its concern for social responsibility, CAPSA FOOD supports the primary sector and the rural world, promoting health through nutrition and healthy living habits, protecting the land while respecting the environment and continuing to be an exemplary employer as it has done since it was founded as a company.

CAPSA FOOD profit growa 11,8% to exceed 15 millone euros

  • – Net turnover increased by 50 million euros, to 695 million, 7.7% higher than 2016.
    – CAPSA FOOD strengthens its brand leadership in the milk, cream and butter markets. Its brand Central Lechera Asturiana is present in more than 50% of Spanish households.
    – Sales in the international market exceed 50 million euros, 7.2% of CAPSA’s net turnover.
    – The RepTrack 2017 report ranks CAPSA as the company with the best reputation in Spain.

    The CAPSA FOOD (Corporación Alimentaria Peñasanta SA) Ordinary General Shareholders’ Meeting has approved the annual accounts and presented the results for the 2017 financial year.

    The dairy company ended the year with turnover of 695 million euros, which is an increase of 50 million, 7.7% more than in 2016, EBITDA of 37.39 million euros (6.7% higher than the previous year) and net profit of 15.2 million euros, 11.8% higher than the previous year.

    Implementing the 2013-2019 Strategic Plan was key in the constant evolution that the company has accumulated year-after-year and that, if placed into perspective over the last five years, translates into an increase from a negative result of 1 million euros in 2012, the starting point before implementing the Plan, to 15.2 million euros in 2017. EBITDA also increased in the same period, showing growth that exceeds 104% with respect to 2012. Factors such as increased brand sales together with efficient management (cost optimisation, process improvement, diversified businesses and markets, etc.) are fundamental in explaining this growth.

    The year 2017 ended with 914,679.67 million litres of milk collected from 100% Spanish origin, which is an increase of 2% compared to 2016.

    With regard to consumption data in the Spanish market (Source: Nielsen, YTD s5217), CAPSA reinforces its leadership in milk, cream and butter, closing 2017 with a 14% share in the liquid milk market compared to 13.2% in the previous year, 12.5% in cream (in 2016 it was 12.3%) and butter from 17.8% in 2016 to 21.3% at the end of 2017.

    In the hospitality channel, CAPSA increased sales by 6%, also incorporating yogurts and cheeses into its commercial offer in this segment.

    In the international market, sales exceeded 50 million euros this year, 7.2% of CAPSA’s net amount turnover. Today, the company is present with its products in more than 40 countries and in 2017 it added new destinations including Macao, Hong Kong, Guinea Bissau, Qatar, Bahrain, Mexico, Chile and Panama among others.

    Regarding the industrial ingredient business, Innova Food Ingredients continues to develop projects that have enabled it to grow by 25% compared to 2016.

    COMPANY WITH THE BEST REPUTATION IN SPAIN AND MOST CONSUMED BRANDS

    In 2017, CAPSA FOOD was awarded with recognitions and awards including the company with the best reputation in Spain according to the RepTrack 2017 study by the Reputation Institute. This recognition coincides with the 2016 launch of the CSR Strategic Framework that is based on four pillars: supporting the primary sector and the rural world, promoting health through nutrition and healthy living habits, protecting the natural environment and continuing to be an exemplary employer.

    This year the Brand Footprint study placed Central Lechera Asturiana as the fourth most consumed brand in Spain with presence in more than 50% of households and the leading brand in Asturias and Cantabria. This same study positioned LARSA as the most consumed brand in Galicia. According to the Authentic Brands study, Central Lechera Asturiana is also positioned as the most authentic Spanish brand. It also received the 2017 Taste of the Year Award for its traditional milk, the World Cheese Awards in the silver category for its Cabrales and a bronze award for the Smoked Bar Cheese.

    With four leading brands, Central Lechera Asturiana, ATO, Larsa and Innova Food Ingredients, CAPSA FOOD has renewed the Gold Seal + 500EFQM and the Top Employers certification. In this same year it was also recognised with the FADE award for HR management.

    It has also been awarded the Caixabank Innovation Character Award and the Carrefour Award for the most innovative company in Asturias.

    CAPSA FOOD (Central Lechera Asturiana, Larsa, ATO, Vega de Oro and Innova Food Ingredients) is the leading company in the Spanish dairy market with seven production centres throughout Spain providing direct employment for more than 1,300 people with international presence in more than 40 countries.

    In 2017 it was recognised as the company with the best reputation in Spain according to the REPTRAK study by the Reputation Institute. CAPSA FOOD is also the first Spanish food company with the 500+ European Seal of Excellence awarded by the European Foundation for Quality Management (EFQM) and the Excellence in Management Club (CEG), which implies that it is a well-managed company and a “model to follow” in Spain, a company that innovates in the market with new formats and new products with functional benefits and creates an excellent work environment for professionals’ development.

    Within its concern for social responsibility, CAPSA FOOD supports the primary sector and the rural world, promoting health through nutrition and healthy living habits, protecting the land while respecting the environment and continuing to be an exemplary employer as it has done since it was founded as a company.

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