Gyermelyi is strengthening in exports – adapting to the challenges

By: Trademagazin Date: 2025. 06. 06. 11:42

Based on the 2024 financial report of Gyermelyi Zrt., it is clear that the pasta manufacturing company has successfully taken on the challenges facing the sector and achieved outstanding growth in export markets. Despite the uncertainty in the global energy market, the decline in domestic demand and the drastic increase in the price of egg raw materials, the company has proven once again that production based on stable foundations and strategic investments pay off in the long term.

Export dynamics: nearly 50% growth

The net sales revenue of Gyermelyi Zrt. from export sales increased significantly, by about 48% compared to 2023: from HUF 7.78 billion to HUF 11.5 billion. Although domestic sales decreased from 39.6 billion forints to 36.8 billion, the pull of exports offset the decline, so the company’s overall net sales revenue increased from 47.4 billion forints to 48.3 billion.

This is especially noteworthy in light of the fact that the pasta manufacturing sector was also burdened by several external factors in 2024: high energy prices, labor shortages related to labor-intensive processing processes, and fluctuations in the price of eggs as a raw material. Gyermelyi’s results indicate that the company was able to successfully respond to changes in the market environment.

Increasing wage costs, stable operations

In addition to increasing sales revenue, the cost level at Gyermelyi Zrt. also increased: more than 690 million forints more, a total of 4.32 billion forints, were spent on wage costs in 2024. Other personnel payments exceeded HUF 500 million, bringing the total expenditure on employees – including contributions – to almost HUF 5.45 billion.

This reflects the growing number of employees and wage levels, and also indicates that the company is committed to a stable, competitive workforce policy in the long term.