CRI CRI: Revenue Increase by 26.5% in Q1 2025

CRI CRI’s revenue surged by 26.5% in the first quarter of 2025, according to a company announcement on May 13, 2025. Specifically, the turnover reached €66.38 million compared to €52.48 million in 2024, showing an increase of 26.5%. The company’s EBITDA amounted to €10.49 million in Q1 2025, up from €9.86 million in 2024. Pre-tax profits reached €8.98 million against €8.72 million in 2024, while net profits after taxes rose to €7.25 million versus €6.82 million in 2024. In the yogurt sector, sales increased by 25.4% in value and 24.2% in volume. International sales continued to grow strongly by 38.8%, surpassing €40 million, now accounting for nearly 70% of dairy operations. Key markets like the UK (+54%) and Italy (+18%) drove this growth. Domestic yogurt sales exceeded €18.3 million, increasing by 3.5% in value. However, consumer preference for private label products due to cost considerations pressured branded yogurt market shares. CRI CRI’s branded yogurt market share fell by 2.4 percentage points to 13.4%, maintaining its second position in the market. In the ice cream segment, domestic sales grew by 6.9%, reaching €3.92 million compared to €3.66 million in the previous period. The company has initiated its three-year ‘Greek Yogurt Dynamo’ investment plan worth €52.2 million, aimed at expanding production capacity through modernization and process upgrades to enhance efficiency and sustainable growth. Investments totaling approximately €4.5 million were made in Q1 2025, with total investments for 2025 expected between €21 million and €25 million.