ROMANIA: Growing business for Albalact group in Q1 | Progresiv

Albalact group, the largest player on the local dairy market, which owns Albalact SA, Raraul SA Campulung Moldovenesc and Albalact Logistic SRL, reported in the first quarter of fiscal year 2016 net income of 125 million lei, up by 18,3% compared with the first three months of 2015 when turnover was 105 million lei, according to the company's financial reporting.

Regarding net profit of Albalact group of companies between January-March, it increased 2.4 times compared to the same period of last year, amounting to 8.5 million lei.

For fiscal year 2016, "the company aims to follow the same strategy to sustain a single digit profitable growth. We remain focused on the traditional Albalact brand, but we are planning other innovations on the yogurt segment, most likely in the second half of the year. We will also continue to expand and optimize distribution activity", recently announced Stephane Batoux, General Director of Albalact.

Earlier this year, Albalact, leader of the dairy market, announced that it will be taken over by the French group Lactalis, which owns LaDorna dairy Romania. For starters, Lactalis has contracted with vendor shareholders that own 70.3% of the aggregate capital of Albalact.

Albalact’s takeover by Lactalis will most likely be completed in the first half of this year, after the Competition Council approves the transaction.

Albalact holds two dairy factories - Albalact in Oiejdea and Raraul in Campulung Moldovenesc - as well as a transport company - Albalact Logistic, and has over 900 employees. The company has a portfolio of over 150 products, marketed under its five brands: Zuzu, Fulga, De Albalact, Raraul and Poiana Florilor.