Cornexi Food sees revenue rising to HUF 1 bln in 2016

Food

cornexi.com

Hungarian-owned muesli bar and oatmeal maker Cornexi Food has targeted revenue of HUF 1 billion this year, up from HUF 800 million in 2015, the company told Hungarian news agency MTI today.

(Photo: cornexi.com)

Cornexi Food is looking to boost turnover with a more active sales strategy and the introduction of a product family that contains no added sugar.

Cornexi Food plans to make about 40 tons of the new product this year, adding HUF 70 mln to its revenue, said sales and marketing director Bernadett Buday.

Last year, the company spent more than HUF 600 mln to move production from Enying, close to Lake Balaton, to a 10,000 sqm base in nearby Szekesfehérvár.

ADVERTISEMENT

Business confidence improves as consumer sentiment worsens Analysis

Business confidence improves as consumer sentiment worsens

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.