A few months before its 30th anniversary, La Unión, a leading company in the marketing of fruits and vegetables, published its annual balance for the 2022 financial year, in which it grew by 8.4% over the previous year.
"La Unión was able to maintain its status as a leading company and double its EBITDA over the previous year in a year marked by uncertainty, inflation, the disproportionate increase in energy and transport costs (with several strikes), and the instability generated by the outbreak of the war in Ukraine in all European markets where the company currently operates," the company stated.
"This is even especially important when one takes into account that Spain's fruit and vegetable market fell by 3.5% in terms of value and by 9.5% in terms of volume, according to data from the Ministry of Agriculture. In contrast, La Unión grew by 6.1% in value and by 14.5% in volume, so the difference with respect to the market is more than nine points in value and 24% in volume."
"Another challenge that it had to overcome during 2022 was the increase in costs associated with the different increases in the minimum interprofessional wage (SMI) decreed by the Government, which meant that wage costs increased by more than one million euros; an expense that wasn't contemplated at the beginning of the year. La Unión's salary payments have increased by about EUR 1 million, and the company is now employing 1,500 people directly, i.e., 10% more than in the previous year. The company also has 3,500 farmers linked to its project and generates indirect employment in the province that benefits 35,000 people."
"In 2022, the company became stronger and continued its growth strategy in the different European markets where it did not have a prominent presence to date. In this sense, during this past year, the leading distribution companies in the markets of Norway, Sweden, Finland, Denmark, and Italy became new customers that came to join the already consolidated markets of Central Europe and Spain.
"The company's current management is also committed to diversification, launching new brands and products of differentiated quality to the market, innovation as a hallmark, and food safety. The company has also made a huge effort during the year in the transformation, modernization, and adaptation of all the company's management systems and management teams to continue preparing it for the coming years."
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