Caroli Foods Group targets 200m euros in three years

The head of Caroli Foods Group, a company created in the wake of the merger between Caroli and Tabco-Campofrio charcuterie producers, maintains he plans to boost sales by 80m euros in the next three years and drive the company’s market share up by 4%.
“In the wake of the deal, we expect turnover to rise from 120m euros gross at present to 200m euros in the next three years and the market share to expand from 16% to 20%, only through organic growth. We believe that joint forces will improve EBITDA, but my ambition is to get EBITDA of above 10%,” says Haluk Akdemir, Caroli Foods Group CEO.
By sealing the joint-venture, Caroli representatives are not targeting only domestic development, but also plan to tap into new markets in the region.
The group now has over 8,000 outlets, two production facilities, over 400 products in the portfolio and more than 150 sale agents.
“Now, the restructuring process is divided into smaller projects to be finalised in 12 to 18 months. The main goals are fewer products, plant specialisation, the alignment of logistics and infrastructure”.