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Albalact looks at a turnover of over EUR 100 million this year

Dairy producer Albalact estimates a turnover exceeding EUR 100 million this year, due to the increasing demand on cheese and yogurt segments, in the context of maintained volumes for other segments, the company announced.

2014-04-30 16:11:23

Also, in 2014, Albalact plans to increase the net profit by 30 percent to reach EUR 2.5 million. In 2013, the producer posted a turnover of EUR 95.7 million, with 23 percent over the result posted in previous year, and a net profit of EUR 1.9 million, a 15 percent increase over 2012.

The producer achieved 62 percent of the overall company turnover through retail chains such as Kaufland, Carrefour, Metro Cash&Carry, Mega Image, Lidl, Real, Selgros Cash & Carry, Auchan, Profi and Rewe. It also produces private labels for Penny Market (butter Boni), milk and other milk-based products for Carrefour, Kaufland and Lidl.

The company is controlled by Romanian businessman Raul Ciurtin with 42.53 percent shares, registered through Cyprus-based companies Crisware Holdings (26,86 percent) and Croniar Holdings Limited (15,67 percent).Also, the stakeholders include the Cyprus-registered investment fund RC2, with 25,45 percent shares.



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