THE CRISIS TAKES ITS TOLL ON CALVO AND BILLS 4% LESS

In 2021, the crisis took its toll on thousands of companies around the world. The canning company Calvo, which has just published its results, has also recorded a slight setback in its balance sheet with less positive results than expected for last year, which translates into a turnover of 55 million euros, a 4% decrease and a 1% reduction in turnover.

After releasing its latest figures, the cannery described this year as “complicated”, due in part to the increase in raw material costs and the depreciation of the Brazilian real. Despite the marked increase in raw material prices, “especially in the last quarter, the company took advantage of the strength of its model and the improvements achieved in the efficiency of its operations and processes to control its costs, increase its capacity to generate recurring revenues and maintain the profitability of the business”.

The company’s CEO, Mané Calvo, highlights the path of sustainable and profitable growth that the group has maintained for years. Calvo stresses that “this is due to an intense industrial transformation effort to make operations more flexible, efficient and sustainable, and to a commitment to innovation”.

But it’s not all bad news. Last year, the Spanish group sold more than 99,394 tons of finished product worldwide, with Brazil continuing to be its main market in terms of volume, followed by Spain and Italy. This year the company has continued to add new challenges, landing for the first time in Mexico through the commercialization of products.