Amadori’s turnover drops, closing 2020 at 1.232 billion euros, compared to 1.3 billion in 2019. Blame for the blocking of out-of-home consumption imposed by the lockdown, the slowdown in exports due to the pandemic and, finally, , the increase in the costs of raw materials for feed: “The pandemic has caused negative effects on the prices of agricultural raw materials with the increase in costs up to + 22% for corn and + 26% for soybean meal – said the group’s CEO, Francesco Berti -. If we want to defend the productive heritage of one of the excellence sectors of Made in Italy, it is necessary that all the subjects of the supply chain become aware and commit themselves to facing and managing this situation. The Amadori group, for example, has taken on this commitment towards its over 800 breeders ».
However, the general framework did not prevent the Romagna group from continuing with the investment plan for over 500 million euros, of which 80 million invested last year, with the aim of continuing to develop integrated and 100% Italian supply chains. In 2020, Amadori’s gross operating margin was 91.6 million, equivalent to 7.4%, with shareholders’ equity close to 285 million.
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