Growth anticipatedThis article was originally published in Foodnews
ITALIAN vegetable processor La Doria expects an average 4.5% increase in turnover in the next three years. It plans to focus more on the international market rather than the domestic market, as private labels, which La Doria produces for key foreign supermarket chains, are still not accepted well in Italy. La Doria expects turnover to reach €510 million in 2011 and EBITDA at €44.5 million (up 9.8% each year). Net profit is expected to reach €12 million in 2011.