The Technical Adviser Committee of the IBEX® Index has decided to include Campofrio Food Group in the IBEX MEDIUM CAP® effective January 3rd, 2011. After this movement the company is no longer part of IBEX SMALL CAP®.
Net Income climbs 55% in 2010 through September, an improvement of 10 million euros compared with the same period in 2009.
Campofrío was the big winner of the XII edition of the Advertising Effectiveness Award, receiving three prizes from the Spanish Association of Advertisers. Pavofrío campaign "Elena Salgado", honored as the most effective ad campaign of the year, won the Golden EFI in Marketing Communication and the EFI Grand Prize, while the campaign"Blue Helmets "was awarded the Silver EFI.
Campofrio conducted with great success the premiere in the movie theatres of its new campaign "4senses", an emotional short film that features stellar collaboration of the prestigious chef Martin Berasategui, and that will be continued with an advertising campaign on television and the Internet.
Effective 22nd of October Paulo Soares will assume the position of Senior Vice President, Finance and Information Technology and CFO of Campofrio Food Group.
Campofrio Food Group earned a consolidated net income of 10.7 million euros in the first half of 2010, compared with 9.8 million euros in the same period in 2009. The company also achieved a turnaround in its sales trend, increasing sales volume by 1% and reaching net sales of 864 million euros in the first half of 2010.
The agreements previously subscribed by Caroli Foods Group and Campofrio Food Group took full effect 20th July 2010, thereby creating a joint company or “Joint Venture” and within it, an integration of the operations of both groups in the Romanian market.
Campofrio Food Group completes the acquisition of Salaisons Moroni, the leading producer of chorizo in France.