• In the bakery industry in Romania, there are several companies that dominate the market due to their financial performance and significant presence in the sector.
According to an analysis by Economica.net, among the strongest businesses in the country's bakery industry are Vel Pitar, Oltina Impex Prod and Boromir Ind. These companies are either supported by foreign capital or by Romanian entrepreneurs, and continue to play a crucial role in this economic sector.
Vel Pitar – The leader backed by an international giant
Vel Pitar is owned by the Mexican group Bimbo, one of the largest bakery manufacturers globally. The presence of Vel Pitar in the top of the strongest producers in Romania underlines its important role in the market. This company continues to be an essential pillar in the bakery sector, benefiting from the support and expertise of a renowned international player.
In 2023, Bimbo also acquired the company Three Bakers through BB Global Investing Holding and BBI QSR Holding, a company that declared for 2023 a turnover of 176,5 million lei, with an increase of 18% compared to 2022 and a net profit of 40,9 million lei, double the previous year.
At the level of 2023, Vel Pitar, according to data from the Ministry of Finance, recorded a net turnover of 841,4 million lei, with a percentage of 10,3% higher than in 2022 and a net profit of 124 million lei, 37% more than in 2022. The average number of employees of the company was 1.951, with 54 employees more than in the previous year.
Oltina Impex Prod – Romanian capital in a difficult market
Oltina Impex Prod represents one of the strongest businesses with fully Romanian private capital in the bakery industry. The company is owned by a group of Romanian entrepreneurs consisting of Cosmin Olteanu, Dumitru Enache, Bogdan Iosif and Nicolae Nicolescu.
In 2023, Oltina Impex Prod recorded a net turnover of approx 723 million lei, but this was with 40% lower than the one reported in 2022. This significant decrease in revenues led the company to declare losses of 8 million lei, a fact that also determined the decrease in the number of employees by 46 people.
Boromir Ind – Tradition and challenges
Boromir Ind, another leading company in the bakery industry, is controlled by the family Boromiz. In 2023, Boromir Ind reported a net turnover of 494 million lei, decreasing with about 4% compared to 2022. Also, the company's net profit has reduced drastically, reaching 6,7 million lei in 2023, which represents a decrease of four times compared to the previous year.
Vel Pitar, Oltina Impex Prod and Boromir Ind remain among the most influential players in the bakery industry in Romania. While Vel Pitar continues to benefit from the support of an international giant, Oltina Impex Prod and Boromir Ind face significant challenges in maintaining profitability in a difficult economic environment. However, these companies remain essential for Romania's economy and for the stability of the bakery sector.
In addition to Vel Pitar, Oltina Impex Prod and Boromir Ind, the analyzed data also mentions other important companies in the bakery industry in Romania:
• At Lorraine, a bread and pastry producer owned by Belgium's La Lorraine Bakery Group, achieved a net turnover of 406 million lei in 2023, up 20,2% from the previous year. The net profit was 1,3 million lei, after the company declared losses in 2022.
• Lantmannen Unibake Romania, part of Lantmannen Unibake Holding Sweden, recorded a turnover of 151,7 million lei in 2023, 13% more than in 2022, but a loss of over 19 million lei.
• Panemar, milling and bakery company from Cluj with fully Romanian private capital, owned by Nicolae Chiorean, had a turnover of over 121 million lei in 2023, with a net profit of 23 million lei, with an increase of almost 66% compared to 2022.
• Mopan Suceava, company with majority domestic private capital, owned by Octavian, Viorica and Arantxa Porumboiu, achieved in 2023 a turnover of over 119 million lei, 5% lower than in 2022, and declared a net profit of 3,6 million lei.
Important industry sector
• Lidas, bakery and pastry company from Tulcea with fully Romanian private capital, controlled by Elena Anastase, achieved a turnover over 27% higher than in 2022, reporting for 2023 the amount of 110,7 million lei and a close net profit 2 million lei.
• Harmopan, flour and bakery producer from Harghita, achieved a turnover of 107 million lei in 2023 and a profit of 12,3 million lei.
• Lido Gîrbea, bakery, milling and pastry company from Prahova, had a turnover of 96 million lei in 2023 and a loss of 1,2 million lei.
Article source: The strongest bread producers in Romania: Vel Pitar, owned by Bimbo, and Oltina Impex Prod, with fully domestic private capital
Article written by Gabriela Dan, Editor-in-Chief Arta Albă
Read on White Art and: Fats in baking: valuable and complex
