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Caroli Foods expects €90 mln in business in 2009

Autor: Dragos Serban

Publicat la data de 10 Dec. 2008 in: Stiri

Caroli Foods, a major cold meat producer on the local market, is expecting some €90 million in net sales in 2009, up one third year-on-year. Company officials said that the 2009 budget estimate is based on a RON 3.8/€1 exchange rate, with a slight appreciation of the national currency in next year’s second half.
The firm posted RON 107 mln (€30.1 mln) in this year’s first quarter, a 33 percent increase from Q1 2007, in line with estimates made at the beginning of 2008, due to investments and a high level of sales.

“Consumers will pay more attention to what they spend their money on, and the direct result will be that they will opt for more economic segments,” said Caroli representatives, regarding market trends in the coming year.

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