Damel Iberica
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Damel Iberica - overview
Established
1860
Location
Barcelona, -, Spain
Primary Industry
Food
About
Damel Iberica is a Spanish confectionery company known for producing a wide range of high-quality gummy candies, licorice, and chocolates that appeal to consumers of all ages. Founded in 1860 in Barcelona, Spain, Damel Iberica specializes in confectionery products. The company was acquired by Sti-snacks in June 2001. Jose Ibañez serves as the CEO.
Damel Group specializes in a diverse range of confectionery products, including gummy candies in various shapes, licorice in multiple flavors, and their signature soft candy, Palotes. The company focuses on delivering high-quality products that cater to both nostalgic adults and younger consumers, bridging generational preferences. Their offerings also include Pectol, a soothing candy aimed at providing relief for throat discomfort, and a variety of refreshing popsicles under the Kelia brand, which emphasize enjoyment during the summer months. Furthermore, the Meivel line of chocolates offers versatile options for indulgence, such as snacks, hot chocolate, and couverture drops for creative dessert applications.
The company primarily targets markets across Europe and Latin America, serving both retail and wholesale clients, ensuring accessibility for consumers seeking quality confectionery products. Damel Group generated revenue of USD 74. 48 mn in 2023, with an EBITDA of USD 3. 65 mn.
The company engages in a multi-channel distribution model, collaborating with retailers and wholesalers to supply its products, ensuring widespread availability across various markets. Revenue is driven by the sale of their flagship products, including Palotes and Pectol, which appeal to a broad customer base. The company structures its pricing based on product category and market dynamics, reflecting the quality and innovative nature of its offerings. Damel Group is focused on expanding its product line and reaching new markets.
The company is currently designing new confectionery products aimed for launch in the upcoming year. Damel plans to target expansion into markets in North America and Asia by 2025. Recent funding from the acquisition by Sti-snacks will be utilized to support these initiatives and enhance production capacity.
Primary Industry
Food
Sub Industries
Snack Foods
Website
www.damel.es
Verticals
Manufacturing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Damel Iberica - timeline of key events
Damel Iberica - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 40,555,875.7 | 45,052,636.4 | 43,415,081.2 | 40,752,155 | 40,032,978.8 | 39,585,583.1 | 45,910,332.1 | - | - | - |
| % Revenue Growth (YoY) | - | 11.1% | (3.6%) | (6.1%) | (1.8%) | (1.1%) | 16.0% | - | - | - |
| EBITDA (USD) | 3,321,610.3 | 3,940,727.8 | 4,098,774.2 | 3,606,892.3 | 2,570,618.2 | 2,778,608.6 | 2,988,374.1 | - | - | - |
| Operating Income (USD) | 1,873,863.9 | 2,219,845.6 | 2,261,459.8 | 1,750,373.7 | 855,347.5 | 1,076,497.8 | 1,251,187.6 | - | - | - |
| Operating Margin | 4.6% | 4.9% | 5.2% | 4.3% | 2.1% | 2.7% | 2.7% | - | - | - |
| % EBITDA Margin | 8.2% | 8.7% | 9.4% | 8.9% | 6.4% | 7.0% | 6.5% | - | - | - |
| NET Income (USD) | 1,336,983.9 | 1,757,561.9 | 1,463,382.4 | 1,243,645.7 | 572,452.1 | 647,806.9 | 787,708.6 | - | - | - |
| % Net Margin | 3.3% | 3.9% | 3.4% | 3.1% | 1.4% | 1.6% | 1.7% | - | - | - |
Damel Iberica - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Damel Iberica | - | ||||||||
| Buyout | Completed | Damel Iberica | - |
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Damel Iberica - employee data
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