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Borges achieves a net profit of 14.8M € at the end of its financial year (June 2016-May 2017)

• EBITDA of €35,3 million, 39 percent higher than the previous year.
• Borges International Group consolidates itself as one of the world’s leaders in its sector, with 72 percent of sales coming from international markets, turnover of €744 million and an increase of volume of 8.6% to 348,000 tons.
• Borges International Group firmly supports the project of developing 2.500 hectares of almond trees in the South of Spain and Portugal through its Borges Agricultural & Industrial Nuts (BAIN) subsidiary (dried fruit & nuts), of which 1,153 hectares are already in its portfolio.
• The group has increased its staff by 10% to 1,120 employees.

January 19, 2018. Borges International Group (BIG) closes its best year as a business group in terms of net profit. On one hand, it achieved turnover of €744 million and €14.8 million net profit: 99 percent more than the previous year, successfully culminating in a process of deep internal reorganization and complying with its business plan, firmly committed to industrial and commercial growth. The Group has sold a total of 348,000 tons, 8.6% higher than the previous year and achieved an EBITDA of €35.3 million, 39 percent higher than the previous year.

Borges consolidates itself as one of the world leaders in its sector, with 72 percent of sales coming from international markets and 28 percent from the national market. The high percentage of sales abroad is derived from the sale of its products in 114 countries, six more than the previous year, and especially through its subsidiaries in Brazil, California, China, France, India, Italy, New Jersey, and Russia.

The Group obtained a pretax profit of €19.7 million.

By volume of products, Borges sold a total of 324 million units, of which 131 million (41 percent) correspond to olive oil, 65 million (20 percent) to dried fruit and nuts, 41 million to olives, 34 million to vinegar and 26 million to seed oils.

Borges International Group has 1,120 employees worldwide and operates thirteen industrial plants in six countries and fifteen sales offices in nine countries.  It has culminated a process of deep internal reorganization, which has re-structured a group with more than 120 years of history. This year, Borges consolidated the integration of Ortalli into the Group, an emblematic Italian family company with 118 years of history from Modena, the cradle of Italian vinegar, which operates in 40 international markets. Through this acquisition in 2016, Borges has benefited from the synergies of Ortalli’s commercial network in Italy, and will use it as a vehicle through which to introduce other products of the Group in the Trans-Alpine country.

In addition, BIG firmly maintains its project of expanding its agricultural business through the production of 2.500 hectares of almonds, through its nut and dried fruit subsidiary, Borges Agricultural & Industrial Nuts (BAIN). This will mean planting more than 600,000 trees over five years and almost tripling the surface of the Company’s own crops. At the end of the year, the Group already incorporated 1,153 new hectares. This increase in its own crop will be from land in Spain and Portugal and BAIN will then be able to continue improving the almond productivity and commercialisation ratios.