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Business Summary: Deoleo SA, formerly SOS Corporacion Alimentaria SA, is a Spain-based company, which is primarily engaged, together with its subsidiaries, in the food processing sector. The Company’s activities are structured in one area: vegetable oils. It specializes in the production and sell of bottled olive oil under a range of brands, such as Carbonell, Bertolli, Carapelli, Koipe, Koipesol, Hojiblanca and Sasso. Furthermore, the Company distributes seed oils, table olives, vinegars, sauces and confectionary products. Deoleo SA is a parent of Grupo Deoleo, a group which comprises a number of controlled entities with operations established in Europe, the Middle East, Asia, as well as North and South America.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Deoleo SA revenues increased 1% to EUR837.6M. Net loss totaled EUR18M vs. income of EUR2.7M. Revenues reflect North Europe segment increase of 86% to EUR216.8M, Spain segment increase of 10% to EUR216M, APAC-MEA segment increase of 13% to EUR105.1M. Net loss reflects North America segment income decrease of 96% to EUR722K, North Europe segment loss totaling EUR6.1M vs. income of EUR5.8M.