Omer-Decugis & Cie, an international group specialising in fresh and exotic fruits and vegetables, announces its results for the 2021/22 financial year (ended 30 September 2022), as approved by the Board of Directors on 20 January 2023, and its revenue for the first quarter of 2022/23 (1 October to 31 December 2022). The 2021/22 annual financial report will be released by 31 January 2023.
Vincent Omer-Decugis, Chairman and CEO of Omer-Decugis & Cie said: “The 2021/22 financial year was characterised by stellar commercial momentum and the development of production capacities, but dampened by an economic environment impacted by a deterioration in major balances that temporarily affected profitability.
Our exceptional commercial momentum (growth of 37%) put us a year ahead of the development plan announced at the time of the IPO. We continued to expand our I1 platform by commissioning new chambers, bringing total ripening capacity to 110,000 tonnes."
Twelfth consecutive year of growth puts the Group a year ahead of its development plan
The Omer-Decugis & Cie Group posted revenue of €188.6 million for FY 2021/22, up 37.0% (including 34.9% organic growth) on the previous financial year, representing deliveries of nearly 150,000 tonnes of fruit and vegetables. This remarkable performance in a highly disrupted environment reflects the Group’s offensive strategy of gaining market share in France and Europe, in both divisions (SIIM, Bratigny).
SIIM, which consolidates the import, ripening, packaging and marketing activities, posted growth of 43.7% compared with the previous financial year, with revenue of €141.0 million. Growth was driven by strong momentum in the climacteric fruit segment (bananas, mangoes, avocados) and the development of the Group’s ripening capacities, by the extension of the range, particularly the commercial launch of Madagascar lychees, and the boom in sales of exotic fruit including lime and passion fruit. The strategic BPMA segment (bananas, pineapples, mangoes, avocados), which accounts for more than 75% of the Group’s total tonnage, posted robust growth of 22.2%, reflecting the Group’s market share gains.
Revenue for the Group’s wholesale division totalled €47.6 million, up 20.5% (including 13.1% organic growth), bolstered by the successful integration of Anarex and its ethnic product range, as well as good momentum in Bratigny’s more traditional segments, reflecting the strength of consumption in France, despite inflation.
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