The Martin Braun Group generated record sales of EUR 626 million in FY 2022, a 19.7% growth compared to the previous year, with all product ranges performing well, despite ongoing challenges such as inflation concerns among consumers. Its Poland Gida joint venture in Turkey also enjoyed significant growth. Various innovations also contributed to its organic growth in 2022, the group says.
The sales of the Bakery Ingredients Division grew by 13.0% in 2022 (16.8% adjusted for inflation adjustments in Turkey) compared to the previous year, with particularly good results in Turkey, in Germany, Spain, France and Italy. In Germany, the Frozen Bakery Division’s sales grew by 22.1%.
The share of sales in food retail, an important segment for the Martin Braun Group, increased significantly across countries.
Photo: Martin Braun website