RAR GROUP’S EBITDA UP 24% IN 2023
TURNOVER EXCEEDING ONE BILLION EUROS
The RAR Grupo experienced a significant growth last year, consolidating the sustained growth trend performed in recent years.
According to the 2023 Report & Accounts, released today (Reports and Accounts | RAR Group), RAR Group consolidated turnover exceeded one billion euros, with EBITDA raising to 89 million euros, a growth of 24% compared to the previous year. The same document refers that the company net profit exceeded 34 million euros, confirming the consolidation of sustained growth observed in recent years.
According to RAR Group´s President, “2023 was a positive year for RAR Group, with the main businesses showing good progress despite the volatile market environment,” and the results achieved demonstrating the management teams’ strong ability to face challenges. Nuno Macedo Silva adds that “signs of low inflation and the expected decrease in interest rates will surely lighten the economic environment, allowing us to embrace new investments with more confidence”.
Founded 62 years ago, RAR Group is a prominent entity in the national business scene. Its history began with the sugar business, a legacy that remains alive in the acronym “RAR” (Refinarias de Açúcar Reunidas). Six decades later, not only does the initial venture continue, but it has also given rise to an economic group that has expanded its activities far beyond the food sector, diversifying into areas as packaging, consumer goods, real estate, and services. This dynamics extends to the presence beyond Portugal to six other countries: Germany, Mexico, the Netherlands, Poland, Spain and the United Kingdom.
