Unlocking Sustainable Success: Omer-Decugis & Cie Shatters Revenue Targets in Exotic Produce Market
Rungis, France, November 4, 2024 – In a remarkable display of sustainable exotic produce growth, Omer-Decugis & Cie (ISIN: FR0014003T71; symbol: ALODC) has surpassed its ambitious revenue targets, solidifying its position as a leader in the European fruit market. The international group, specializing in fresh fruit and vegetables with a focus on exotic produce, has announced its annual revenue for the 2023/24 financial year, showcasing impressive growth across its divisions.
Record-Breaking Performance
The company’s financial results tell a story of exceptional revenue growth and market expansion:
- Total annual revenue reached €247.4 million, marking a robust 19.9% increase year-over-year
- Organic growth stood at an impressive 12.9%, driven by strong performance in core businesses
- The revenue target, initially set for 2025, was achieved a full year ahead of schedule
This outstanding Omer-Decugis revenue success represents an average annual growth rate of 19.9% over the 2020-2024 period, demonstrating the company’s resilience and strategic acumen in the face of global challenges.
Divisional Breakdown: SIIM and BRATIGNY Excel
The company’s success story is further illuminated by the stellar performance of its two main divisions:
SIIM Division
The SIIM division, focusing on wholesale distribution of exotic fruits, reported:
- Q4 revenue of €41.2 million, up 36.1% year-on-year
- Annual revenue of €186.1 million, representing 75.2% of the group’s total revenue
- 20.6% year-on-year increase, with 16.8% organic growth
The division’s success was particularly notable in the strategic BAMA segment (bananas, pineapples, mangoes, avocados), strengthening the group’s market share across France and Europe.
BRATIGNY Division
The BRATIGNY division, specializing in wholesale operations, achieved:
- Q4 revenue of €13.8 million, up 16.8% from the previous year
- Annual revenue of €61.3 million, accounting for 24.8% of the group’s total revenue
- 17.9% year-on-year increase, with 1.5% organic growth
This growth was achieved despite a comprehensive physical reorganization, centralizing operations in a single building at the Rungis MIN.
Strategic Acquisitions Fuel Growth
The company’s European fruit market expansion was bolstered by two strategic acquisitions in the first half of the year:
- Champaris France: Expanding BRATIGNY’s wholesale offering and consolidating commercial position
- EMA’S: Accelerating expansion in Northern Europe within the SIIM division
These acquisitions have not only contributed to revenue growth but have also strengthened Omer-Decugis & Cie’s position as a leader in fresh produce distribution leadership.
Commitment to Sustainable Agriculture
Omer-Decugis & Cie’s success is underpinned by its unwavering commitment to sustainable agriculture. The company’s efforts in this area have been recognized with an impressive 80/100 rating in the EthiFinance ESG Ratings 2023 campaign, highlighting the maturity of its ESG approach.
This focus on sustainability has not only contributed to meeting sustainable agriculture revenue targets but has also positioned the company as a responsible leader in the exotic produce market.
Future Outlook: Expansion and Innovation
Looking ahead, Omer-Decugis & Cie has announced ambitious plans for continued growth and innovation:
- Construction of a new 20,000 m² logistics and ripening facility near the West Port container terminal at the Port of Dunkirk
- Projected doubling of current capacity by 2027-2030
- Continued focus on combining growth with operational efficiency for 2025
These initiatives mark the beginning of a new cycle of value-driven growth for the company, further solidifying its position in exotic fruit wholesale growth.
Expert Commentary
Vincent Omer-Decugis, Chairman and CEO of Omer-Decugis & Cie, commented on the company’s performance:
“Despite significant climate challenges this year, such as El Niño, which disrupted agricultural production worldwide, our development strategy has fully paid off, validating the strength and resilience of our business model. We have exceeded our growth target and confirmed an improved operating margin in 2023/24. The integration of EMA’S within the SIIM division has been particularly successful, with positive commercial synergies as soon as the acquisition was completed, accelerating our expansion in Northern Europe. The acquisition of Champaris has expanded BRATIGNY’s wholesale offering and has consolidated our commercial position with a broader customer base.”
Conclusion
Omer-Decugis & Cie’s exceptional performance in the 2023/24 financial year demonstrates the company’s ability to navigate complex market conditions while maintaining a strong commitment to sustainability and growth. As the company continues to expand its operations and innovate in the fresh fruit and vegetables sector, it is well-positioned to capitalize on the growing demand for exotic produce in the European market.
For more information about Omer-Decugis & Cie and its sustainable approach to the exotic produce market, visit www.omerdecugis.com.
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