Sanchis Mira, a producer of nougat and chocolate under brands like Antiu Xixona and La Fama, planned a 2021 rollout that broadened its product reach and market footprint. The company posted a more than 15% rise in net earnings, achieving 10.1 million euros in profit as turnover stabilized at a modest 4% dip. This earnings resilience came despite a milder fall in revenue, a natural correction after the pandemic’s initial disruption began to ease and consumer markets normalized, signaling the group’s ability to navigate fluctuating conditions while maintaining strong profitability.
The recently filed accounts in the Commercial Register reveal a turnover of 115,941,386 euros for the last year, compared with 120,678,139 euros in the prior year. The jump in demand from the broader agri-food sector during the initial Covid surge had lifted sales above the pre-pandemic level of 2019, which stood at 114,473,578 euros. The company’s revenue performance underscores its capacity to sustain growth even as it rides through the post-crisis adjustment period, reflecting a stable top line despite market volatility.
Despite a slight downturn in this period, Sanchis Mira implemented a disciplined cost-control strategy and remained adaptable to the rising costs of raw materials. This approach contributed to more than a 15% uplift in net income, which reached 10,134,771 euros. That figure stands out when set against 2019 profits of 7,603,797 euros, a benchmark reached before the health crisis disrupted supply chains and consumer demand. The company’s balance sheet shows total assets of 95,988,701 euros and a share capital of 809,444 euros, illustrating a solid financial foundation that supports ongoing production and strategic investments.
The firm continues to project liquidity and stability, evidenced by a workforce expansion that aligns with peak production cycles. The average payroll rose to 231 employees, with periods where headcount temporarily spiked to 456, reflecting intensified manufacturing activity and seasonal demand. Notably, Sanchis Mira did not rely on government programs to mitigate pandemic effects, instead choosing to reinvest in operations and product development. A recent strategic move involved acquiring Chocolates Clavileño, located in La Vila Joiosa, through a joint operation with Turrones Picó, signaling a deliberate step to broaden product lines and geographic reach while leveraging complementary capabilities.
Mercadona remains the principal customer for Sanchis Mira, underscoring a stable, long-term retail relationship that supports ongoing production. The company continues to balance traditional, well-loved products with new offerings, maintaining its status as a distinctive player in the confectionery sector. This blend of heritage and innovation positions Sanchis Mira to respond effectively to evolving consumer tastes in both Canada and the United States, while maintaining strong ties within its regional market.