Yfantis maintains the reins of the cold cuts market

By George Lampiris

Yfantis keeps its size, which according to information and on an annual basis remains partially first, compared to the competition, with exceptions at times when there are promotional movements in the market by Nikas, so this changes the quantities sold, sometimes changing the share price. top of the cold cuts market.

In fact, according to sources familiar with the industry, this is a generally stagnant market in terms of sales in value, with slight fluctuations in volume and sales value, given that it is more or less a stable market, without many new launches, which could diversify the sales picture. A prerequisite for the change in this market would be the addition of value-added cold cuts, which could diversify the existing product mix and bring additional sales in this category of food.

Indicative, however, is the stability shown by the dominant based on performance in the Greek market, Yfantis, who during 2020 on a consolidated basis recorded sales of 159.03 million euros, compared to 159.55 million euros which was its performance in 2019. In fact The company sold 137.6 million euros in products in the Greek market, compared to 137.49 million euros in 2019. In terms of net profits, the Yfantis group recorded profits of 10.63 million euros, which were enhanced by 300% compared to with the corresponding performance of 2019, when its net profit was 2.7 million euros.

Other food activities

It should be noted, of course, that the Weaver, in addition to the sausage sector, also maintains activity through the plant products esti, with codes in burgers, meatballs and other meat alternatives prepared with plant ingredients. One of its activities is also the production of extra virgin olive oil with the affiliated company Lelia Trofima which standardizes and packs extra virgin Kalamata olive oil from Koroneiki variety, either conventional or organic. It also packs PDO olive oil from Sitia and olive oil from Mani, as well as a series of olives from Amfissi, Kalamon and PDO Thassos.

Stability in feta

Another activity not widely known for the group, is that of feta production in Farkadona, Trikala, where it maintains a production facility. It is also a stable and without significant fluctuations business entity, which recorded sales during 2020 amounting to 5.94 million euros, from 5.99 million euros in 2019 with net profits of 152.67 thousand euros and 341.7 million euros. thousand euros respectively.

At 81 days the speed of traffic claims

It should be noted that at the end of 2020 the balance of trade receivables increased based on the corresponding amount of the previous year increased by 112.5 thousand euros or 0.26% for the group and increased by
amount of 2.5 million euros or 10.23% for the company. The speed of receivables amounted to 81 days for the group and 87 days for the company. The corresponding periods for the previous year are 83 and 88 days.