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BonÂrea group increases profits by 17% after lower sales

The company experienced sales cuts of 2.6%.

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The agri-food corporation chaired by Jaume Alsina Calvet closed last year with a slight decline in its annual turnover. However, it recorded an increase in profits, specifically by 17%.

After experiencing sales cuts of 2.6% in 2023, the Lleida-based company was unable to reach its target of 3,000 million in revenue. A fall justified by the former Guissona group by the drop in petrol prices and the marketing of litre volumes, as well as lower feed production.

All these factors had a negative impact on turnover, affecting the engineering and services sector, animal feed and health, and agricultural and livestock services.

Despite the reduction in sales, the human food division, which represents 53% of the business, increased its turnover by 9.8% to 1,447 million euros. The bulk of this figure corresponds to the sales of the bonÀrea chain, which amounted to 1,182 million and rose by 11%. According to the corporation, this positive evolution of the human food business is what improved net profit, which reached 81.30 million euros.

As for the future forecasts of bonÀrea, which has 574 establishments spread over eight autonomous communities and Andorra, the group plans to invest in 23 openings over the course of 2024, which will bring it closer to its objective of opening 600 shops in the near future.