Despite the improvement in sales stuffed olive producer Hispaniola failed to leave behind red numbers In 2022. Just the opposite Increase in raw materials and above all higher energy costs They investigated the losses the company had been carrying for the seventh consecutive year.
This is also reflected in the official balance sheets deposited with the Trade Registry by the Alcoyan company, ukraine war The increase in electricity and gas prices also affected the accounts of many sectors.
According to this document, Hispaniola, Increase your turnover by up to 7.2% During the above-mentioned year, after the 17% decline recorded in 2021, which allowed the company to regain the barrier of 60 million euros. In particular, he achieved 63.3 million.
But even though the company makes more money losses grew exponentially from 923,753 euros to over 3.2 million. A development that the firm’s own management report attributes to “the continuous increase not only in raw material prices but also in supply (mainly gas and electricity) prices”.
In addition, an increase Could not be fully communicated to customers through the application of new rates. In fact, in the management report itself, the executives of the Alcoyan company said “ Resistance to further price increases” The situation they faced forced them to cut margins and deepen their red numbers.
Of course, despite repeated losses in recent years, the company continues to maintain its stable appearance. healthy financial situationThanks to its high level Shareholders’ equity exceeding 29 million eurosAccording to the document.
In this sense, La Española states that the measures adopted to correct this situation, 2023 accounts are now starting to develop close with profitBut they refuse to give any figures at this time.
a return that can be achieved through improvement in purchasing management and optimization of processes and, above all, gradual increase in rates Adapting them to the new cost reality, according to official company sources.
The company also said last year that “a significant growth in turnover volumereinforces its leadership position and generates additional revenue that will positively contribute to results.”
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While the recovery announced by the company is expected to be approved, the company’s 2022 balance sheet is currently the seventh balance sheet that the company has closed with a loss since it first fell into the red in 2016. The year 2021, when it managed to significantly reduce its negative consequences, showed that the company could overcome this situation in the next year, but the increase in energy costs due to the war in Ukraine interrupted this trend.
Company One of Spain’s main producers of stuffed olives and is one of Mercadona’s main suppliers in this segment. According to what he said, until then 98% of its sales are concentrated in the national market, It corresponds to only 2% of exports. In 2022, there was an average workforce of 143 employees.