Spanish processed meats group Campofrio emphasised it has seen a progressive improvement in returns throughout the year as it booked a decline in nine-month earnings today (11 November).

Year-to-date EBITDA totalled EUR100m, down 3.7% on the comparable period of last year. Campofrio said the decline was “mostly” due to higher raw materials costs in the third quarter. However, the group added efforts to boost profitability meant EBITDA margins demonstrated a “gradual improvement in returns throughout 2013”.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The company revealed net profit was down EUR2.9m in the period, falling to EUR1.8m “in line with the decrease in EBITDA”.

Net sales were flat, totalling EUR1.39bn. The company said a strong performance from its brands and a focus on growth segments – health, heritage and snacking – enabled it to maintain sales levels despite weak economic conditions.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now