Importaco increases profit to 26 million euros thanks to retail market sales

30 May, 2024

  • Importaco’s revenue increased by 9% in 2023, driven by the development of retail and industrial ingredients markets, and its presence in Spain, the United Kingdom, the Netherlands, and Scandinavian countries.
  • Investments will exceed 33 million euros in 2024, 55% more than in 2023, and will be allocated to projects to expand production capacity, improve sustainability, and reinforce quality plans.
  • Importaco has reduced its emissions by 20% since 2020 and set a new goal to reduce emissions by 30% by 2030.

Valencia, May 30, 2024. Importaco, a food company specializing in nuts and mineral water, closed the 2023 financial year with a consolidated turnover of 810 million euros, representing a 9% increase compared to the previous year. This growth is attributed to strong performance in the Spanish retail market and continuous expansion in international markets, where innovation is a key factor.

Importaco’s net profit grew to over 26 million euros, an excellent result compared to the 3.5 million euros profit obtained in 2022. This evolution demonstrates the robustness of the company’s strategy, as well as the increase in its profitability thanks to competitiveness improvements implemented in recent years.

“In a context marked by inflation and uncertainty, we have managed to increase both our revenue and profitability. In recent years, we have made significant changes to consolidate our leadership model, and now we are seeing the results. We are convinced that our commitment to sustainable and long-term development will allow us to continue leading the market,” said Toño Pons, President of Importaco.

 

Business Results

In the nut business, Importaco achieved a turnover of 706 million euros, a 7% increase over 2022. The volume of nuts exceeded 110 million kilos, consolidating its leadership in the European market. In the mineral water business, revenue was 109 million euros, a 28% increase from the previous year, with a volume of 954 million litres, positioning it as the leading operator in Spain.

 

Continuous Reinvestment

The company made investments exceeding 15 million euros in 2023 to expand production capacity, increase the sustainability of its centres, and improve product quality.

Following its policy of continuous reinvestment and long-term value generation, a special investment plan of 33 million euros has been approved for 2024, a 55% increase compared to 2023. This plan will be carried out across all its production centres, with significant investments in the nut centre located in Beniparrell, which will reach 8 million euros.

“The investment plan we have approved for 2024 is crucial for our development and includes action plans in all our businesses. With this investment amount, the highest in our history, we will continue to create jobs, offer quality products, and improve our sustainability performance,” highlighted Toño Pons.

Commitment to Sustainability

During the past year, the company continued to advance its sustainability strategy. This strategy aims to ensure the production of healthy foods that care for the environment and people. In 2023, Importaco completed its 21-23 Energy Saving and Efficiency Plan, achieving a 20% reduction in emissions since 2020[1],with a 4 million euro investment in self-consumption installations and energy efficiency measures. Additionally, it has reaffirmed its commitment to the SBT initiative to be Net Zero by 2050, setting a new goal to reduce emissions by 30% by 2030[2].

Furthermore, seven production centres have been certified to the Zero Waste standard, ensuring the recycling and reuse of generated waste. Significant progress has also been made in agricultural integration, with sustainable production reaching 27,260 hectares, a 10% increase compared to the previous year.

Importaco ended 2023 with a workforce of 2,322 people, achieving 45% of management positions occupied by women.

 

  1. 20% of the emissions refer to Scope 1 and 2
  2. The 30% reduction will be achieved by reducing Scope 1 and 2 emissions by 42% and Scope 3 emissions by 25% by 2030.
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