At the end of April, the partial and ordinary meetings of the Cremona Agricultural Consortium approved the 2023 financial statements with a turnover of more than 322 million euros, a further increase compared to 2022.
Despite the difficult market conditions characterized by a considerable reduction in the prices of the main agricultural raw materials, the Consortium has strongly reaffirmed its role as leader in the coordination of the agro-livestock supply chain in its area of operation, recording an increase in shares of market and consequently sales volumes in all managed sectors.
In particular, the livestock sector recorded an increase in volumes of approximately 16%, the agronomic area recorded a +9%, while the machinery service closed with an increase of over 15% compared to the previous year. Furthermore, we should not forget the growth in turnover in the food sector through the winery owned by Serene srl with +34%, and in the insurance sector with +16%.
This growth was achieved without compromising the overall margins expressed, and in compliance with the sustainability objectives. In fact, 2023 closes with an ebitda margin increasing by 13% compared to the previous year, and the first sustainability report was issued from which the progressive improvements in the pursuit of ESG objectives emerge.
All the results that emerged represent the product of various combined factors such as, among others: the structural investments that have improved the company’s production capacity, the development of supply chain contracts whose broad panorama covers practically all crops, the further development of the product portfolio offered to its customers and the careful and constant assistance provided by specialized technicians to members and customers.
On the innovation front, the Company has drawn up the industrial plan which focuses on the completion of the investment program mainly concerning the agro-feed supply chain in the three-year period 2023-2026 with the supply chain project called “Lattogeno Farm” in the name of quality, traceability and eco-sustainability of the feed production and which involves the three main sectors of the Consortium (feed-agronomic and machinery) with a total investment of €17 million, a good part of which has already been made in 2023. Another 22 associated companies are also involved in this supply chain project for a further €25 million /€ of investments.
