Strong growth in turnover, but noticeably lower profitability was recorded in 2025 by Daniil S. Gatenio & Son S.A., the food and beverage import and trading company of the DELTA/Vivartia group.
According to the financial statements, sales increased by 17.3% and amounted to 52.02 million euros, compared with 44.35 million euros in 2024, with the dairy products category as the main growth driver. However, gross profits remained unchanged, at 7 million euros.
Pre-tax profits were limited to 2.22 million euros, from 4.27 million euros, while net profits fell by almost half, to 1.71 million euros, compared with 3.33 million euros in 2024.
Management attributes the deterioration mainly to non-recurring losses related to trade receivables from a specific counterparty, without naming the company or the customer, and to the increase in financial expenses.
At the same time, cash and cash equivalents decreased to 1.82 million euros from 5.48 million euros, a development linked both to debt repayment and to dividend distributions and the year's investments. At the same time, equity strengthened to 9.05 million euros, while short-term bank borrowing was significantly reduced, to 148 thousand euros from 2 million euros at the end of 2024.
For 2026, management appears cautiously optimistic, although it acknowledges that geopolitical uncertainty, inflationary pressures and fluctuations in raw material prices continue to affect the market.
At the center of its strategy are the improvement of profit margins, stricter cost management, strengthening liquidity and optimizing working capital.