In 2024, Europastry recorded sales worth EUR 1.506 billion, a 12% growth compared to the previous year. Additionally, its EBITDA reached EUR 236 million, 15% more than in 2023. A 12.5% growth in customers was also recorded last year, seeing the company surpass the 90,000 mark across the artisan bakery, retail, and foodservice channels.
The Spanish bakery specializing in frozen products invested EUR 123.4 million in technology and R&D in 2024, as product innovation and international expansion fueled its growth: “Innovation and new product categories launched over the past three years accounted for 22.5% of the group’s total sales,” Europastry highlights.
Among the projects developed last year, Europastry inaugurated a new CEREAL innovation center in Barberà de Vallès (Barcelona), covering a total area of 2,500 square meters and featuring four production lines to develop new products. The facility employs 90 people who design and produce new products in line with the latest market trends.
The company continues its investments with a EUR 19 million project for a carbon-neutral cookie plant in Oldenzaal, the Netherlands, which recently started operations. Once it reaches full capacity, it will generate more than 50 jobs, the company anticipates.
Additionally, in 2024, a new bread production line for the hospitality industry was launched in Azuqueca de Henares, and construction began on a new production center in Carregado (Portugal), set to open in 2025.
By country, Spain remains Europastry’s main market, with the United States ranking second. The company’s sales outside Spain now account for 56% of the company’s total revenue.
“We are very pleased with the results achieved, which reflect the strength of our business model and our ability to adapt to market needs thanks to the mindset of everyone working in this company. At Europastry, we continue to invest in innovation and technology, which, combined with our expertise and technological capabilities, allow us to consolidate our leadership position and project solid growth prospects,” says Jordi Gallés, Executive Chairman of Europastry.
Sustainability
Europastry also advances with work toward its environmental objectives: in 2024, it reached a new sustainability milestone – the second star in the Lean & Green Certification, recognizing its commitment and efforts to reduce emissions in goods transportation.
Over the past four years, Europastry’s sustainability milestones include:
- Reduction of water consumption by 14.2%
- Decrease in carbon footprint by 51%
- 90% of the energy used in its production plants comes from renewable sources
“From the beginnings, as a small bakery in Sant Joan Despí, to the latest production plants built in New Brunswick, Oldenzaal, or Mexico, we have shown that there is no limit if we do things with professionalism and passion for our profession as bakers.
We can be satisfied with the results for 2024. Growing by 12% is not easy. But our ambition is not only financial. Our ambition is the personal satisfaction of continuing to move forward. Moving forward in adapting our offer to the needs of our customers and to new consumer trends, moving forward in making our team of bakers better and better, and moving forward in our commitment to sustainable development. In short, our ambition is to keep moving forward to maintain our essence,” Gallés writes in a message.
Photos: Europastry social medi
