The Navarre-based multinational, a leading industrial group in the production of casings for meat products, increased its EBITDA by 10.3% to €145.2 million, driven by volume growth and greater operational efficiency. In addition, between January and June, the Cáseda-headquartered company achieved revenues of €618.8 million, up 4.3% on the same period last year, thanks to sales growth in both its traditional business and in newly incorporated divisions.
As a result, Viscofan’s net profit rose to €69.8 million, a 1.3% increase, despite the negative impact of exchange rates, which was partially offset by tax benefits from improvements in the US subsidiary. By division, the Traditional Business contributed €506.6 million (up 2.2% on 2024), while New Businesses grew 14% to €81.4 million, thanks to recovery in plastic lines, the strength of transfer solutions, and the incorporation of new companies such as Brasfibra, Master Couros and Pet Mania.
All the regions where the company operates recorded growth. By geographical area, South America led the way with a 9.5% increase, followed by North America (+5.5%), Asia-Pacific (+2.7%) and Europe & Middle East (+2.2%).
Other notable figures
In view of these results, Viscofan’s management has decided to maintain its investment plan, to which it allocated €40.5 million in the first half, in line with its annual target. Key projects during this period included new capacity in collagen casings, the installation of bag production lines in San Luis Potosí (Mexico), and further investments in energy and environmental sustainability at the Cáseda plant.
According to CEO José Antonio Canales, “operational performance is in line with the annual forecasts. The boost in volumes, production improvements and savings have strengthened our position despite the drag from exchange rates.”
Finally, net bank debt rose to €228.7 million, compared with €146.9 million in December, mainly due to dividend payments (€28.8 million in cash) and share buybacks (€49.1 million) under the flexible remuneration programme.
Source: Diario de Navarra