Viscofan increases profits by 4.8% in 2022, to 139.4 million euros

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The meat packaging multinational based in Navarra posted a turnover of 1,201 million euros last year.

Viscofan closed 2022 with a net profit of 139.4 million euros, which represents an increase of 4.8% over the previous year, the company reported to the National Securities Market Commission (CNMV).

The multinational posted a turnover of 1,201 million euros for the whole of last year, which represents an increase of almost 24% compared to that achieved in 2020.

In addition, the company recorded a gross operating profit (Ebitda) of 267.2 million euros in the year just ended, an increase of 8.3%.

The company’s investment figure at the end of 2022 rose to 125.6 million euros, an all-time annual high for the group and above the initial forecast, due to the anticipation of projects in the second half of the year to meet a greater demand for casings and in the search for energy diversification.

Positive outlook

The president of the Viscofan Group, José Domingo de Ampuero y Osma, highlighted the “extraordinary performance” of the company’s employees in achieving “historic results” in terms of revenue, EBITDA and net profit despite facing one of the “most adverse” contexts in history with “an unprecedented inflation of production inputs”.

Viscofan’s chairman said he was optimistic about this year. “We face 2023 with optimism and the ambition to return to growth in the main financial figures”, he stressed.

Thus, the group expects to increase its revenues by between 9% and 12%, EBITDA by between 6% and 9% and net profit by between 10% and 15% this year, supported by an investment of 75 million euros.