Spanish meat processor Campofrio has said it expects its sales to increased almost 5% per year over the next three years.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
However, the company expects sales to slide around 4% this year to €1.03bn (US$1.27bn) because of its 2003 divestment of fresh meat company Primayor, reported Reuters.
Campofrio said it expects net profit to increase in 2004 to more than €30m, compared to €12m in 2003, while earnings before interest, tax, depreciation and amortisation (EBITDA) are expected to rise to €116m-121m, from €101m in 2003.
The company plans to increase the amount it spends on advertising by 40% this year, with the aim of increasing the market share of all its brands.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
