Salov, +30% turnover with the Filippo Berio and Sagra brands

The ordinary shareholders' meeting of Salov, the oil group to which the brands belong Filippo Berio and Sagra, approved the 2022 consolidated financial statements, which ended positively both in terms of growth and consolidation. The group, based in Massarosa (Lucca), closed the 2022 financial year, confirming the sales volumes achieved in 2021 and 2020, equal to about 120 million litres. consolidated turnover saw one 30% annual increase, going from 376,77 to 491,46 million euro, also due to the impact of inflation and production costs.
“In such a chaotic and troubled year, being able to confirm all the financial and income parameters by striking the correct compromise between the purely economic, financial and equity aspects was by no means a foregone conclusion – he commented Fabio Maccari, Ad Salov (in the picture) –. We have proven to be reactive in managing the various markets while maintaining a high level of competitiveness. Undoubtedly, the industrial investments and the commercial and marketing activities implemented in recent years have paid off, allowing us to grow both in Italy and abroad and not to suffer passively from the strong volatility of the markets”.
Salov confirms its growth, with the brands Filippo Berio and Sagra which, overall, they bring market shares by volume in Italy held by the group al 3,4% in the olive oil category and 6,2% in seed oils.
Also pay attention to investments: in addition to industrial ones, aimed at increasing the efficiency of production lines and storage, there is growing interest in those linked to digitalisation. Furthermore, in the second half of last year, the group participated in various tenders within the framework of the PNRR, with the aim of strengthening and anticipating the projects already envisaged, including the increase in storage capacity for extra virgin olive oil and the adaptation of the ecological area to facilitate the management, separation and storage of corporate waste. In total, between interventions implemented and planned investments, the company has invested 20 million euro.