La Doria breaks through the ceiling of 1 billion in revenues

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In 2022, La Doria achieved record revenues exceeding one billion, with a growth of 17.6% compared to 2021. The company recorded significant growth in sales especially for the tomato-based products line which achieved an increase by 24% and for the “Sauces” and “Legumi” lines, with +20%. This is the picture that emerges from the draft financial statements and from the consolidated financial statements at 31 December 2022 which the board of directors of La Doria has approved.

This is the first report after the sale of the majority (65%) to the investment company of the Investindustrial fund and after the exit from Borsa Italiana. In fact, at the end of 2021, La Doria shed its skin as the Farraioli family – who remain at the helm – sold the majority of the capital while retaining a 35% stake. 2022 is a year on which the spotlight has been turned on. Consolidated revenues, for the first time in the history of the Group, exceed the threshold of one billion euros, reaching 1.018 billion, after the 866 million of the previous year. The value must be read in the light of an increase in list prices, however correlated to a sharp increase in costs attributable to economic and geopolitical factors linked to the pandemic and in particular to the conflict in Ukraine, but also to a growth of 3.4% volumes of products sold.

Ferraioli: «We will continue in international development»

«The revenues recorded in 2022 represent an important milestone for us, which demonstrates our solidity and our ability to grow even in the most complex periods – said the CEO of the La Doria Group Antonio Ferraioli – We have been able to face the economic and geopolitical criticalities of 2022. The most important data certainly remains that relating to the growth in volumes – continues the CEO Antonio Ferraioli – which has transversally involved our lines and the markets in which we are present. We will continue to operate with our international development policy aimed, on the one hand, at expanding into geographical areas with high growth potential and on the other at improving our international positioning in the market segments in which we are already present”.

For the “Red Line” revenues up 24%

From the point of view of the breakdown of turnover by product category offered by the La Doria Group, the “Tomato derivatives line” – also known as the “Red line” – recorded a 24% increase in revenues, the “sauces line” increased by 20.5%, while the “Line of legumes, vegetables and canned pasta” saw overall growth of 19.6%. Lastly, the “Fruit line” and the “Other lines” – i.e. products purchased from third parties and marketed by the subsidiary LDH on the English market – increased respectively by 7.8% and 12.6%.

Export to 60 countries, GB first market

The Group exports its products to 60 countries around the world, has increased its revenues on international markets by 17%, with an incidence of 83.1%. The best performances were recorded in the historical markets for La Doria, including Great Britain, which remains the main foreign market, Germany and the Scandinavian countries. Followed by Australia, New Zealand and the countries of Eastern Europe. The Group also generates important shares of turnover in France, the USA and Japan. La Doria Spa is the leading European producer of preserved legumes, peeled tomatoes and tomato pulp in the retail channel and among the leading Italian producers of fruit juices and drinks. The Company is also the leading producer in Europe of ready-to-eat sauces branded by distribution chains (private labels).