Revenues at the Dublin headquartered consumer food producer behind well-known brands such as Jacob’s, Batchelor’s, Kelkin and Odlums this year increased by €142.6m or 11pc to €1.39bn. Valeo Foods operates 85 consumer food brands and is a market leader in 13 categories, including snacking & sweet treats, health & wellness, baking & meal ingredients, beverages and food service. The group’s Ireland revenues increased by 4pc to €321.4m, while the UK remained the group’s largest market despite revenues declining marginally to €578.6mThe year under review was a breakthrough year for the group’s North America expansion plans where revenues increased from zero to €102.5m, while Europe revenues rose from €315.05m to €356.6m. Numbers employed at the expanding Valeo Foods this year reduced from 4,489 to 4,253 and staff costs declined by €14.7m from €192.73m to €178m. The directors state that additionally, the group has been continuing to deal with the impact of the pandemic on activity and consumer confidence.

Source: Irish Independent December 28, 2023 14:34 UTC