A Strong Performance Despite Market Challenges
Grupo Agroponiente has reaffirmed its strength and optimism for the future, following an exceptional 22/23 financial year. The company has continued its accelerated growth trend in the 23/24 cycle, exceeding expectations with double-digit volume growth. This achievement comes despite a challenging market context marked by a general price decrease in the sector. Agroponiente attributes its success to a firm commitment to farmers, solid and serious transactions, and continuous improvements in management and logistics processes.
All of Grupo Agroponiente’s product lines have seen notable growth, with peppers and cucumbers leading the way. The company’s tomato, zucchini, and eggplant crops also performed outstandingly, contrasting with sector-wide difficulties in these crops. Agroponiente’s progress is based on effective management, improved cost-efficiency, productive efficiency, and an ongoing expansion process that will continue into the next campaign.
Looking ahead, Grupo Agroponiente expects a 15% increase in volume for the 24/25 financial year, marking a significant milestone in its trajectory. Imanol Almudí, CEO of Grupo Agroponiente, expressed satisfaction with the 23/24 season results: “The previous campaign had been historic for our company within an overall favorable context for the sector. However, the dynamics of this sector vary significantly from year to year. This season that is ending, prices have not been as favorable, and the market has not moved with the same strength. Despite a much more complex context, we completed all kinds of efficiency processes, from reducing overall costs to improving productivity and increasing sales. Our commitment to farmers remains strong, allowing us to achieve unprecedented growth with higher volumes than the previous year and rounding off a good biannual period. Now, the challenge is to continue growing and consolidating the project, advancing towards our goal of making Grupo Agroponiente the reference company in Southern Europe’s sector.”
