La Doria expands in 2017 and sets itself new goals

La Doria, a leading private label producer of tomato-based products, pulses, fruit juices and ready-made sauces, closed 2017 with a better than expected performance.

Consolidated revenues totalled € 669.1 million, 2.4% up on the previous year’s € 653.1 million. Around 90% of revenue is generated through the private label segment with customers that include Carrefour, Auchan, Selex and Conad in Italy and Tesco, Sainsbury’s, Morrisons and Waitrose abroad.

Exports accounted for 79.3% of total sales, an increase of 4.8% (+9.7% at constant exchange rates), with the domestic market making up the remaining 20.7%, a decline of 5.9%.

The 2018-2021 Business Plan includes investments of € 114.7 million in new product lines (especially in the organic segment), strengthening its overseas operations, increasing its production capacity, and optimising and rationalising its various production facilities.

Listed in the STAR segment of Borsa Italiana’s equity market (MTA), La Doria aims to close the current year with revenues of €689 million.