Sága Foods expects further revenue rise

Food

Hungarian subsidiary of UKʼs Bernard Matthews, known as Sága Foods, foresees its revenue to increase by 5-7% this year, CEO Zsolt Keleti said according to Hungarian news agency MTI. In the past two years the firm’s revenue was above HUF 9 billion.

The last few years saw a slight decline in the export sales of the company but domestic sales were up last year, the CEO said according to MTI. 

The CEO added that its products made of poultry meat would be produced around 9,000 tons annually, similarly to the past years. He added that the company sees adding new products to the line.

Although previously the parent company was more involved, Sága Foods currently is carrying out developments using own resources, the CEO said. Last year the company announced plans to invest HUF 1 billion in the next three years on product development, enhancing technology and improving production efficiency.

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