Spain

Grupo Vall Companys exceeds 3,000 million euros in turnover in 2022

The Vall Companys agri-food group closed the 2022 financial year with a turnover of 3,010 million euros, 31% more than the previous year. The main reasons for this great growth lie in inflation and in the acquisitions made last year.

Posted on Jul 25 ,00:10

Grupo Vall Companys exceeds 3,000 million euros in turnover in 2022

The global context, complicated by the war in Ukraine since February 2022, has increased the energy costs of raw materials and feed significantly. This context has strained the initial part of the agri-food value chain. This situation was not new for the sector and it only intensified, since since July 2020 food commodities were already experiencing a gradual and constant increase according to data from the Chicago Market. 

All this has caused production costs to increase considerably, so the reality is that the margin of the Vall Companys Group has fallen to 3.6%, while in 2021 it was 4.1%. In total, the net result of the Group -formed by more than 45 companies throughout Spain- was 110 million in 2022. 

On the other hand, it should be noted that the billing also contemplates the acquisition of Grupo SADA that was carried out in November 2022. The income for the year 2022 does not take into account the acquisition of Embutidos Rodríguez, since the operation to acquire the entire company was finally closed on January 12, 2023. 

While the poultry division has experienced a stable turnover within the national scope, the pork sector continues to be a sector with an export vocation. The main international markets for pork are China, Korea, Japan and Central Europe. Of the Group's total billing, 65% corresponds to national income and 35% to international business. 

In 2022, the Group opted for the promotion of energy self-consumption with the investment of a total of 15 million euros in its production centers in Spain, promoting renewables through photovoltaic solar energy. With its progressive installation throughout 2022, the Group reached an installed solar power of 16,730 kWp, closing the year with a saving of 531 tons of CO2. For the present 2023, it is expected to reach an installed solar power of 33,600 kWp, ceasing to emit 5,600 tons of CO2. 

The implementation of self-consumption of solar energy is in line with the company's strategic sustainability plan, the Penta Program, which aims to reduce scope 1 and 2 GHG emissions by 42% by 2030. 

In addition, with the aim of continuing the commitment to efficiency in the business, investments have been made in machinery and expansion and renovation of plants in 2022, for a value of 81.5 million. 

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

AUSTRALIA

Red meat production remains strong as beef herd enters destock

National - beef The national beef herd is destocking. Female slaughter is currently 52% of total...


Read more Read more
INTERNATIONAL

The evolution of the sheep meat market in Latin America

One of the most relevant data in the current context is that, despite the recent decrease in the ...


Read more Read more
PARAGUAY

Paraguay announces audit to allow meat export to Philippines

Inspection activities are scheduled from December 2 to 18, 2024. During this period, BAI represe...


Read more Read more
Websolutions by Angular Software and SpiderClass