Europastry celebrates its 30th anniversary reaching more than €560 million
The company closes 2016 with a turnover of €560 million euros, 7% more than in 2015
Europastry, the Spanish leader and fifth largest operator in the frozen dough sector, closed the 2016 financial year with a turnover of €560 million, an increase of 7% against the previous year. This positive figure coincides with the celebration of its 30th anniversary. This year, Europastry celebrates three decades leading the frozen dough category, with an approach based on tradition and innovation and a portfolio of 60,000 clients.
Jordi Gallés, Chairman of Europastry, says: "On our 30th anniversary we have achieved excellent results once again thanks to our ability to adapt to the shifting scenarios in the industry and our constant dedication to R&D.
“We expect that 2017 will again be a very positive year and we will continue to innovate in the bread and bakery sector."
Driver of employment and international growth
Europastry celebrates 30 years of history with 3,020 employees from 40 different nationalities on all five continents where it operates, a network of personnel throughout its 15 production sites, headquarters and R&D center. There are plans to increase this figure in the short to medium term following the multinational’s share in foreign markets where it believes there is still great potential for growth.
Prospects and developments for 2017: 30 years of tradition and leadership
In an ever-evolving industry, Europastry will continue to innovate based on tradition, launching new products of brands such as Dots©, Yaya Maria©, Fripan©, Frida© and Wenner Bakery©. The corporation will also keep on exploring new markets to expand its international business.
The company is working on a new range of rustic bread to commemorate its 30 years at the helm of the bread and pastry industry. It will be a special edition to honour the man who founded Europastry in 1987, the man who chose an innovative business model which has been a success over the last three decades, the founder of Europastry and the father of the current chairman of the company, Pere Gallés.
Commitment and investment on R&D
Innovation remains Europastry's main driver for economic growth. In Novembre last year, the company launched CEREAL (Center for Research Europastry Advanced Lab), a R&D centre dedicated to bread and pastry, unique in Spain. Last year €60 million were allocated to innovation, which adds to the €170 million invested in this field over the past four years.
Gallés says: "Every year, we create more than 45 products to meet new market trends. At Europastry, we innovate based on tradition, which characterises our essence."
Product traceability ‘From the field to the fork’
Europastry is committed to further improving its products and closely monitor the quality of the ingredients, tracing and verifying the origin of some of them. For Gran Reserva range, the company implemented a tracing system throughout the supply chain, from growing their own wheat until the product reaches the final consumer.
The company has also implemented the Clean Label certificate, which guarantees that the ingredients are natural, come from agricultural and livestock raw materials with no additives, preservatives, trans fats, artificial aromas or monodiglycerides in their composition.