Bio Planet, a company from the organic food packaging and distribution market, improved its financial results in Q1 2021. Plans? Expansion and investments in the logistics and warehouse center.
In the first quarter of 2021, the company generated PLN 59 million of revenues, which means an increase of 6% compared to the previous year.
Bio Planet’s net profit, compared to the first quarter of 2020, increased by 30%.
The key investment that the company made in the last quarter was the launch of the first part of the expanded logistics and warehouse center. Full commissioning is expected in the second quarter of 2021. The Company has also launched a machine for packing fresh vegetables and fruit, which will enable the Company to increase the amount of fresh vegetables and fruit on offer.
- “We also focused on introducing numerous new products to our offer, both in our own brands and in distributed brands. We have introduced a total of 350 new products, most of the new products are products of suppliers who have been cooperating with Bio Planet for years. We have also expanded our offer with Asian pasta under the Perfect Earth brand and Italian La Buona Terra crispbread. Recently, we also offer dairy products and new products from the Biominka brand”, said the CEO Sylwester Strużyna.
In the coming months, Bio Planet is planning further investments and expansion into new markets.
- “We see great potential in foreign markets and we are analyzing the possibility of expansion. We are also working on expanding the range. We are convinced that the investments, both completed and planned, will allow us to multiply profits in the coming months”, said Strużyna.