Pavan profit exceeds €10 million for first time
April 19, 2013
by World Grain Staff
PADUA, ITALY — The Pavan Group reported in April that net profit for 2012 exceeded €10 million for the first time.
The company said turnover was up 11% to €136 million and EBITDA was up 16% to €22 million.
“Pavan has a natural vocation for export,” said Managing Director Andrea Cavagnis. “In the food industry, the markets with highest growth rates are those where the demographic trend is positive. Reaching 75% of our turnover on non-E.U. markets brought us over the past five years to grow by more than 50%, despite the global crisis.”
To support this international presence, Pavan’s managing director plans to keep pursuing a balanced internal growth and consider further acquisitions, always using self-financing to carry out his plans, without exposing the group to financial uncertainties that especially in these years continue to offer few guarantees for success.
“The strategy we intend to implement in the coming years is based on three basic factors: focus on costs, customer service and product innovation,” said Cavagnis.
Pavan’s packaging technology sector in 2012 grew by over 20%. The Snacks division, which caters for an industry heavily focused on experimenting and driven by demand for healthy and innovative products, registered a 20% growth in turnover.
Golfetto Sangati, the latest company to enter the Pavan Group, contributed to the growth with an increase in turnover close to 20%, as a result of some major integrated mill-pasta factory plants.
“The projections show a growing trend also for the medium-term, allowing us to aim with confidence and dynamism at the ambitious target of €150 million turnover in the next two years,” said Cavagnis.