Italian fresh produce multinational reassures shareholders of ability to withstand significant challenges as Middle East conflict continues
Italian multinational Orsero Group says its business model remains “solid” and “resilient” despite growing cost inflation and market volatility caused by current economic and geopolitical developments.
In an open letter to shareholders, company chair Paolo Prudenziati joined chief executives Raffaella Orsero and Matteo Colombini in reassuring them it could withstand the “significant challenges” posed by recent events including the war in Iran.
“We operate a resilient business, marketing healthy products that meet the primary needs of consumers and benefit from stable demand even during the most challenging economic cycles,” they wrote.
“The diversification of our supply sources, combined with the adaptability of our commercial network, allows us to effectively absorb market shocks. Furthermore, our direct control of shipping activities guarantees greater operational continuity, ensuring reliable supplies and thus allowing us to face global periods of logistics congestion with greater confidence.”
Orsero also maintained a solid financial position, they explained. Since it was listed on the Italian stock market back in 2017, the group has its revenue and profits grow steadily, while keeping its debt under control.
Looking ahead, the directors said they remained committed to “organic growth in higher value-added products, supported by continuous operational improvement, targeted opportunities and supply chain projects, strengthening logistics infrastructure and distribution platforms, as well as external growth to expand into new geographies and strengthen our presence in core markets”.
In the near future, that is expected to translate into a continued focus on items like berries, avocados, and other tropicals, combined with a physical expansion of its infrastructure in Europe and a potential acquisition in the US later this year.
“We are convinced that these development strategies, combined with the resilience of our business and the stability of our financial structure, will allow us to continue generating value in the medium to long term,” the letter concluded.
