Valsoia – a leading company in the health food segment in Italy – records a revenue growth of 2.2% in the first quarter of the year (reaching 24.717 million euros) and accelerates its internationalization process, signing commercial agreements with major European retail chains in Poland, Hungary and strengthening the distribution of the “Valsoia Bontà e Salute” brand – which grew by 11.9% in the first quarter – in Spain, Sweden, the Czech Republic and Slovakia.
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Also in the first three months of the year, foreign revenue grows by 23.1% reaching 2.534 million. “International development represents a strategic direction for the group,” comments Valsoia’s CEO and general manager, Andrea Panzani, who shares with Il Sole24Ore in preview the new synergies established with European distribution, calling them “a significant result that encourages us to continue on the path undertaken.”
The publicly traded company, a pioneer in Italy in the development of plant-based alternative products, debuts in Hungary thanks to agreements with Spar and Tesco and in Poland through Carrefour and Auchan channels.
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“In Sweden, we are expanding our presence in the main retail chains: Ica, Coop and Axfood, strengthening ourselves in a market particularly sensitive to wellness and plant-based nutrition,” says Panzani.
In Spain, the distribution network is expanding through entry into Consum, one of the most important emerging players in Spanish retail, increasing the brand’s availability in the Iberian market.
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