Already in 2021, the impact of the revaluation of energy and raw materials on the financial results of Barilla Hellas was noticeable, mainly in terms of the profitability of the well-known pasta industry and other industries. Interestingly, however, the company’s financial report expresses strong concerns about 2022, especially since, as is commonly said, “since February, we have seen an unprecedented increase in operating costs (raw materials, energy, packaging, logistics), which could put pressure on financial results”.

In particular, the turnover of Barilla Hellas in 2021 amounted to 81.6 million euros, compared to 88.7 million euros in the previous financial year, i.e. decreased by 8.08%. The decrease in turnover is mainly due to a decrease in export operations and as a result of the redistribution of producers within the group. Net results for the year before taxes decreased by almost 50% to 3.3 million euros from 6.6 million euros in 2020. Such a sharp decline in profits Barilla Hellas connects mainly with the increase in the cost of raw materials, especially in the second half of the year. 2021. The after-tax result was 2.5 million euros from 4.7 million euros in 2020.

In 2021, the company made an investment of 2.3 million euros, which was fully funded from equity.

The company cites an unprecedented increase in operating expenses in its financial report.

As for developments in 2022, Barilla Hellas states in its financial report: “Greece is experiencing significant price increases for all types of energy. A company involved in the production and marketing of pasta and the marketing of baked goods and tomato products has been hit by an energy crisis because energy costs are significant. The company has been impacted by disruptions in global supply chains and a turbulent geopolitical environment since February, when operating expenses (raw materials, energy, packaging, logistics) have risen significantly, which could put pressure on its financial results. However, the administration is monitoring developments on a daily basis and is ready to take all necessary measures that may be needed. Of course, there is always the possibility that the energy crisis will bring additional negative consequences for the global economy in 2022 and negatively affect the company’s operations or reduce demand for its products. Each of these events could impact 2022 financial results.”

In addition, this year the company does not expect a significant change in the value and volume of sales, while, according to its estimates, pasta production will exceed 47 million kg. However, he adds that both sales and profitability will depend on market conditions and commodity prices.