ROMANIA: Agricola Bacau business, on plus in the first half of 2015 | Progresiv
Romanian group of companies Agricola Bacau reported an increase of 3.4% in the first half of 2015 versus 2014, reaching a turnover of 306.766 million lei. “It's a growth rate below that of 2014, the slight decrease being caused by the decrease of the turnover generated by certain companies from the group, that have adjusted their activity in a market context”, the company said in a press release. 
Among these is the Agricola stores chain who reported the largest decrease in turnover (-20%), while the number of operational stores dropped from 45 to 35 units.
Agricola International – which integrates the production chain of poultry and the logistics operator – remains the largest company in the group, with a turnover similar to that of the first half of last year, currently reaching about 172 million lei.
This is how the other divisions performed:
- Salbac company's business, which sells cold cuts, rose in the first 6 months by 11.2% to 47.439 million lei, with the raw-dried salami segment reaching the top position in the category (+17% growth in value and +19% by volume).
- The precooked and ready-meal products, obtained at Europrod factory, reported in the first six months an increase of 7.2% in turnover (14.044 mil. lei compared to 13.101 million lei in H1 2014). Sales of these products have reported a 5% growth in volumes.
- Avicola Lumina-Constanta (eggs for consumption) sales grew by 13.34% (30.567 million eggs in the first six months of 2015), an increase of 20.78% in sales value (10.236 million lei in H1 2015)
The two divisions that performed negatively are: Aicbac SA (dairy cows and crops) and Suinprod Siret SRL (pig breeding).
