San Carlo Gruppo Alimentare has reported solid full-year results for 2024, underlining the resilience of the Italian snack maker in a challenging economic landscape marked by inflationary pressures, intense competition, and ongoing difficulties in the Horeca channel.
The Milan-based company, best known for its potato chips and savoury snacks, generated net revenues of €364.4mn, broadly in line with the previous year’s €366.7mn. Operating profitability improved markedly, with EBITDA rising 15.3% to €65.5mn, representing 18% of net sales.
Net profit climbed to €23.5mn, an 8.4% increase on the €21.7mn posted in 2023. The group also strengthened its financial position, with net debt falling to €122.6mn from €133.5mn a year earlier.
“We closed a good year, with growth across our main financial indicators,” said Susanna Vitaloni, chair and chief executive of San Carlo. “In a still-complex macroeconomic environment, we focused on boosting profitability and laying the foundations for the challenges ahead.”
Despite weakness in the Horeca and traditional retail segments, San Carlo offset headwinds with robust performance in large-scale distribution and organised out-of-home channels. The company also credited gains in operating margin to improvements across production, logistics, and procurement processes.
Separately, the shareholders’ meeting of Unichips Finanziaria Spa — the holding company that owns San Carlo — approved its statutory accounts, reporting a net profit of €14.2mn, up year on year.
L’articolo San Carlo Reports Stable Revenue and Rising Profits in 2024 proviene da Italianfood.net.