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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 six months ended 30 June 2024, Deoleo SA revenues increased 25% to EUR502.4M. Net income totaled EUR14K vs. loss of EUR5.2M. Revenues reflect Spain segment increase of 38% to EUR135.1M, North Europe segment increase of 47% to EUR78.4M. Net Income reflects Other Operating Expenses decrease of 24% to EUR38.5M (expense), Remeasurement of the loan at amortised c decrease from EUR4.6M (expense) to EUR878K (income).