We are pleased to present, for the fifth consecutive year, our Reporting, still on a voluntary basis, providing disclosure of our Company’s commitments concerning sustainability topics identified as relevant.
In preparing this document, we have made further progress towards compliance with Legislative Decree 125/2024, which transposes the EU Directive 2022/2464 (CSRD) into Italian law. We have drawn inspiration from the European Sustainability Reporting Standards (ESRS) of EU Regulation 2023/2772, both in structuring the Report and in the analysis and assessment of materiality.
The year 2024 continued to be marked by severe geopolitical tensions that have persisted for the past three years.
In this context, sustainability means even more to us in terms of stability and security, achieved through the creation of lasting value over time for all our stakeholders: our people, Consumers, suppliers, as well as the local community that hosts us and society as a whole.
In 2024, despite a market environment still characterized by a contraction in food consumption, we achieved positive results in economic and financial terms, closing the year with net revenues of € 116.75 million (+3.5%), with improvements in both our Health and Food Divisions. We also grew our international sales, with a particular focus on countries where we have a direct presence. The Company’s financial position confirms its strong financial and asset solidity, even during these years of significant investments aimed at expanding our production facility in Serravalle Sesia. We remain necessarily focused on controlling purchasing costs and improving the Company’s margins, which remain a priority alongside safeguarding sales volumes and increasing our market share.
During the period, we further increased investments in communication and innovation across our brands, both in the health (Valsoia Bontà e Salute) and in the traditional food sectors (Santa Rosa, Piadina Loriana, and Diete.Tic).
In particular, the performance of Valsoia’s plant-based ice cream has been outstanding, with growing consumption and a market share now approaching 80% of the total category. Equally remarkable are the results of Piadina Loriana and the Diete.Tic sweetener, which have continued to accelerate their uninterrupted growth trajectory since their acquisition.
The expansion work at the Serravalle Sesia plant is progressing on schedule and within the projected costs. This strategic and significant industrial investment aims to further enhance production efficiency while increasing sustainability, environmental responsibility, and workplace safety for our people. The expansion and internal production consolidation are strong and unequivocal signals of our Company’s and brands’ commitment to growth and long-term continuity.
Furthermore, we have continued our journey towards sustainability by achieving all our ESG objectives, which include significant developments in both the health and traditional food sectors. We have also updated our 2024-2026 Sustainability Plan, designed to further drive our efforts and amplify our positive impact on key stakeholders and across the entire value chain.
Moving forward, we will continue to place great emphasis on social and environmental aspects, listening to our stakeholders and supporting the growth and development of our most valuable capital: young talents and all the dedicated professionals who, with expertise and determination, contribute every day to achieving ambitious new goals for the growth of our brands and the overall advancement of our organization.
