Revenue up 2 per cent to US$720m as multinational continues to grow organically and strengthen its global positioning
The Unifrutti Group recorded a 2 per cent increase in turnover to US$720m in 2021. EBITDA totalled US$78m, with a gross profit margin of 17 per cent and an adjusted EBITDA margin of 11 per cent.
The group made total investments of nearly US$41m for that year, reconfirming its organic expansion strategy.
“This resilient performance occurred despite the numerous challenges that characterised the group’s operating environment throughout 2021, starting with the unprecedented adverse climatic conditions in Chile and Italy, the difficulties and unexpected upheavals in the logistics sector, the increase in the costs of raw materials and the continuing effects linked to the pandemic,” Unifrutti said in a statement.
CEO Marco Venturelli commented: “in the last year we have continued to raise our standards and reached new important milestones that will guide us towards an innovative and more sustainable future.
“We remain extremely confident in the prospects of our sector and absolutely convinced of the potential of our global network and our vertically integrated positioning in the fresh fruit sector”.
In March of this year, Abu-Dhabi-based investment and holding company Adq agreed to acquire a majority stake in Unifrutti, marking the beginning of a new chapter for the multinational.
Marco Cesarotto, chairman of Fruchte Holdings, the controlling holding of Unifrutti based in Cyprus, said Adq’s proven experience in the agri-food sector made it the ideal partner for the group and would allow it to seize the commercial opportunities offered by the sector to generate sustainable growth, strengthen its global positioning and expand its presence in line with our long-term development strategy.