The sales revenue of Nádudvar Élélmiszer Kft. increased by more than a third last year, but the taxable profit decreased

By: Trademagazin Date: 2023. 05. 10. 11:13

Last year, the sales revenue of Nádudvari Élélmiszer Kft., a member of the NAGISZ Group, increased by about 35 percent to HUF 16.7 billion, but its profit after tax decreased to HUF 424 million from the previous year’s HUF 557 million due to a significant increase in costs – the company’s managing director explained the company’s management results on Wednesday at a press conference in Budapest.

Ádám Nagy said that the significant rise in raw material and energy prices was a challenge, and the declining profit reflects that they incorporated only a part of the increase in costs into their prices. This year’s processes may turn out to be more favorable than last year’s in terms of costs, for example, the raw material price of milk has already decreased, and this may soon be reflected in store prices, he said. The company expects a turnover of more than 18 billion forints this year, and within a couple of years it plans to have a sales revenue of more than 20 billion forints.

Nádudvari’s goal is to become a competitive food industry company on a European level in the long term, and to this end it is increasing its efficiency with continuous investments. In 2021, the company made a HUF 1.234 billion efficiency-enhancing investment, to which the Élip (Food Supplier Development Program) contributed with a non-refundable subsidy of HUF 431.5 billion, and this year they are launching an energy investment program.