Despite the tense geopolitical situation and associated market disruptions, the Oetker Group managed to increase its sales organically by 6.3% to over EUR 6.9 billion in 2023. The group is forecasting moderate growth for the current financial year.
2023 financial results
Corbion reported sales worth EUR 1,443.8 million in 2023, an organic increase of 1.2%. According to the year ending December 31, 2023, the company’s operating profit was 117.2 million last year, meaning an organic increase of 20.8%. Its adjusted EBITDA was EUR 191.8 million (10.3% organic increase).
Grupo Bimbo’s net sales reached a record level of Ps. 399,879 million last year, an increase of 11.4%, according to its Q4 and 2023 report. “In 2023, we witnessed a record-breaking year in several metrics including our Capex investments, marked by outstanding performance despite challenges in certain markets. We remain committed to investing in our business, actively seeking efficiencies and exploring transformational opportunities throughout the supply chain across all the markets we operate,” said Daniel Servitje, Chairman and CEO.
