Grupo Calvo closed fiscal year 2015 with a gross operating profit (EBITDA) of EUR 49.4 million, 4.1 per cent less than the previous year, although its sales grew.
The company noted that despite the negative impact of the depreciation of the Brazilian Real against the Euro, and the decline in tuna prices, managed to increase turnover and invoicing in all its markets," consolidating and increasing its consumer base".
According to the Group’s report, in 2015 it sold 104,500 tonnes of the finished product in more than 70 countries, 1.6 per cent more compared to 2014.
In addition, global gross group sales rose by 3 per cent to EUR 787 million, compared with EUR 765 million in 2014.
As of December 31 2015, Grupo Calvo had a debt ratio in relation to EBITDA of 2.47, a result that a...