Europastry S.A.: publishes 2023 Annual Report

Barcelona / ES. (ep) Under the motto «Baking Today, Shaping Tomorrow» Spanish Europastry S.A., a top-five player in the global frozen bakery market segment, has announced its Annual Report 2023. Executive President Jordi Gallés: «Looking back, the past few years have taught us many lessons. The first and foremost is that here at Europastry, we have learned to make bold, brave decisions that have ensured we adapt to our customers’ needs at all times. This is the key to our success.»

For instance, Europastry has consistently and tirelessly focused on innovation, which has allowed the company to achieve sustained sales growth over the past few years. In 2023, the bakery group reached sales of 1.35 billion euros (20 percent more than in the previous year and 60 percent more than in 2019). Jordi Gallés: «This milestone would never have been possible without the more than 400 products we have launched, nor without the products we have discontinued in order to adapt to new consumer needs.»

(Graphics: Europastry S.A.)

In order to reach these heights, Europastry has not stopped investing. The virtuous circle of growth begins with investment: last year the company poured 64 million euros in to new production capacity (355 million euros in the past five years). This year, the bakery group is particularly proud of commissioning plant expansions in Azuqueca de Henares (Madrid), Oldenzaal (NL) and Laurens (USA). «We are equally proud of the inauguration of the new «Cereal» plant in Barberá del Vallés, which has allowed us to be even faster and more flexible in launching new sweet bakery products on the market,» Gallés adds in his statement.

(Graphics: Europastry S.A.)

Today, the bakery group has industrial assets worth 1,380 million euros. The know-how accumulated in the operation of more than 97 production lines, as well as the volume of investment made over the last decade have ensured the operational excellence demanded by the customers’ increasingly high standards. Gallés: «Thanks to our baker spirit, today Europastry is one of the most knowledgeable and technologically advanced companies in the frozen dough sector worldwide.»

Also from the point of view of Sustainability. During 2023, Europastry exceeded the targets the group set itself when the company started measuring its carbon footprint. Gallés: «By 2023, we had reduced the emissions per kilogram of product we generated in 2019 by more than 60 percent (that is 70 million kilograms less emissions per year). Our ambition is to continue to make progress in this direction.»