Caroli Foods expects €90 mln in business in 2009

The firm posted RON 107 mln (€30.1 mln) in this year’s first quarter, a 33 percent increase from Q1 2007, in line with estimates made at the beginning of 2008, due to investments and a high level of sales.

“Consumers will pay more attention to what they spend their money on, and the direct result will be that they will opt for more economic segments,” said Caroli representatives, regarding market trends in the coming year. 

Caroli had a 15 percent average growth rate in the past three years. The producer has an annual production capacity of some 30,000 tons, but production amounts to only 20,000 tons. The local cold meat market is worth some €800 mln and its main players are Cris-Tim, Caroli Foods, Aldis, Principal Company, Angst, Elit, and Campofrio.