The BonÀrea group slightly reduces its sales but earns 17% more

The agri-food group BonÀrea Corporació slightly decreased its sales last year, weighed down by the volatility of raw material prices, lower feed production and the drop in prices and volume of liters at its 62 gas stations.

Oliver Thansan
Oliver Thansan
24 April 2024 Wednesday 10:31
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The BonÀrea group slightly reduces its sales but earns 17% more

The agri-food group BonÀrea Corporació slightly decreased its sales last year, weighed down by the volatility of raw material prices, lower feed production and the drop in prices and volume of liters at its 62 gas stations. This situation caused its turnover to fall by 3.6% in 2023, to 2,720 million euros.

Even so, it earns more thanks to the promotion of the human food business, which includes both its network of 574 stores and sales to professionals (food service). Sales in stores – its main line of business – advanced 11%, with 1,182 million euros in turnover despite the measures to contain food inflation and reduce the price of certain meat products at the end of the year, they emphasize from the group. The sales to professionals segment accounted for revenues of 265 million euros. This good evolution of the human food area has been “fundamental”, bonÀrea highlights, to ensure that its profit has increased by 17%, with 81.3 million euros compared to 69 million a year before, despite the decline. of global income. The investment in 2023 amounted to 126 million.

The group's CEO, Ramon Alsina, has described the exercise as “satisfactory” given the “very complex” socioeconomic context that the agriculture and food sector has faced, with problems such as drought, high temperatures and energy prices. and raw materials.

The Corporation based in Guissona maintains a vertical integration model, controlling the entire production chain, without intermediaries. In addition to sales in its stores and to professionals, its activity includes lines of animal feed, engineering and energy, animal health and agricultural services. In total, it employs 5,880 workers directly, not counting the staff of the franchised stores or the collaborating farmers and farmers (4,500 people).

In this way it has become one of the largest agri-food groups in Catalonia. It is also in full expansion phase in the rest of Spain. The large production and logistics center being built in Épila (it will be completed in 2029) will serve to boost its business both in Aragon and in the north and center of the country. It currently has 435 stores in Catalonia, 83 in Aragon and 56 in La Rioja, Navarra, Madrid, the Valencian Community, Castilla-la Mancha and Andorra. By 2024, it plans to open 23 new establishments (10 of them in Catalonia).