Rosa Matas load
The Borges Group plans to invest 108 million in fixed assets and a marketing campaign in the next three years with the aim of reaching sales of one billion within five years and doubling its profits for what it plans to land in Africa without giving up its objectives of sustainability or inorganic growth, he studies acquisitions in Spain, France, Italy and Germany.
60% of these 108 million will be allocated to industrial assets, including 30 million in energy efficiency improvements in its production centers. The company plans the massive installation of solar panels in all its centers, as well as the investment of 30 million euros in energy efficiency improvements in its different production centers, such as photovoltaic infrastructures and facilities that promote the circular economy.
The remaining 40% will go to communication, as has been said on Wednesday David Pratsexecutive president and CEO of Borges in the Lerida Mas Colom estate, in Tàrrega, in which the company has invested more than five million euros to transform it into its institutional headquarters and an informative space. It is the only demonstrative farm in all of Catalonia that is part of the Agrarian Biodiversity Observatory Project (OBA).
In the picture: Victoria Morales, human resources manager of Grupo Borges; David Prats, CEO; David Orozco, manager of Mas Colom and Alba Henar, chief corporate strategy officer.
In the fiscal year ended May 31, 2022, the net profit registered by the Group has been 27.5 million euros, 8% more than in the previous year, with total sales of 701 million euros, 25.5% more and a net financial debt of 74 million euros compared to to the 85 of the previous exercise.
During this fiscal year 2021-2022, 65% of the business comes from international market highlighting France, the United States, Brazil and India. Regarding the sale of products, Borges has marketed a total of 363,123 tons, of which 152,000 tons are flour and by-products whose sale generates practically no value in euros. Of the rest that generate value, 48% of seed oils, 31% of olive oil, 12% of nuts and the remaining 9% of vinegars, olives, pastes, sauces and pickles, as well as others, stand out. products sold by the company.
In this last financial year, the Group has marketed its branded products in more than 100 countries, being international leaders in its sector, with a firm commitment to the vertical integration of the agricultural business and with a clear commitment of its business project to responsible development. and sustainable.
The company, founded in 1896, will hold its 125 years of history April 14th. In the commemoration of the anniversary, postponed for almost two years due to the pandemic, businessmen will participate and as a guest, the renowned Spanish chef based in the United States, Jose Andres, which, according to David Prats, shares with the company “the improvement of the world through food.