CAR (Centro Agroalimentare Roma) announces a growing balance sheet for the seventh consecutive year
Italy
Wednesday 05 June 2019
CAR, the wholesale market of Rome, announces 2018 results largely positive.
CAR (Centro Agroalimentare Roma) announces a growing balance sheet for the seventh consecutive year and strategies to counter stagnant consumption and ensure future growth.
CAR announced that gross operating margin (+ € 4.2 million, + 15%) increases between revenues and costs, which stands at 25% (versus 22% in 2017) compared to the value of the production (+ 1%); pre-tax income increased from € 1.3 million (+ 25%) to + 18% after taxes; the debt decreases (-4.5%) made almost exclusively in medium-term commitments, loans are reduced (-10%) towards customers, equity is close to 54 million.
Despite the persistent stagnation of consumption and slowed down at the European level by the predominant competition of the markets of Paris, Barcelona and Madrid, the CAR saw occupation rate of its surfaces increasing, exceeding 90%. Large companies, including foreign ones, want to settle there. Thus, the French company "Compagnie Fruitière" will soon appear in the new entries. This is the result of the recent twinning between Campidoglio, CAR, the Municipality of Paris and the Rungis Market and which anticipates a Roman settlement in Paris which will ensure a commercial presence for Lazio products.
The quality and internationalization of products, the boom in organic products, the development of a "Frozen" cluster, technological innovations and renewed logistics services will be key factors in ensuring future growth.
source : agroalimroma.it