Caroli Foods increased its sales by 25% in the first 9 months

The company estimates net sales worth some €120 mln in 2007, a 25-30 percent annual increase, considering it posted net sales worth €66.8 million in the first three quarters of 2006.

For 2007 the company expects a net income similar to that registered in 2006, of €1.67 mln. Its main brands are Gourmet, Caroli, and Maestro.

The company has a 14 percent share of the local cold meats market, estimated to be worth over €1 bln (delivery prices). Its main competitors are Cris-Tim, Aldis, Angst, Elit, and Campofrio, and the market is estimated at an annual 230,000 tons.

Caroli Foods owns a factory in the city of Pitesti, with a 3,000 ton monthly production capacity. When contacted by Business Standard, Caroli officials said the factory is not for sale, as shareholders are not interested in selling company assets.