E Martinavarro SA
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E Martinavarro SA - overview
Established
1946
Location
Castellon de la Plana, -, Spain
Primary Industry
Food
About
E Martinavarro SA is a prominent producer and exporter of fresh citrus fruits in Europe, focusing on high-quality offerings like oranges, lemons, limes, and grapefruits through sustainable agricultural practices. Founded in 1946, E Martinavarro SA operates from Castellon de la Plana, Spain, specializing in citrus production without any recorded business pivots or subsidiary affiliations. The firm has completed 2 deals, with its latest transaction occurring on July 31, 2017, when Miura Private Equity merged its portfolio companies E Martinavarro SA and Rio Tinto Group to form Citri & Co. The founder's history is not provided.
Martinavarro is a leading producer and exporter of fresh citrus fruits in Europe, specializing in high-quality offerings that include oranges, lemons, limes, and grapefruits. The company ensures that its products are sourced directly from its agricultural fields, managed under sustainable practices. Its vertically integrated operations cover the entire supply chain, from cultivation and harvesting to packaging and logistics. Martinavarro serves a diverse customer base that includes major supermarket chains across over 20 countries, providing more than 300,000 tons of citrus products annually.
The company focuses on efficiency and sustainability to meet the growing demand for fresh produce in Western Europe, Scandinavia, and parts of Eastern Europe. In 2022, E Martinavarro SA reported a revenue of USD 324. 97 mn and an EBITDA of USD 8. 40 mn, through direct sales to wholesalers and retail partners.
The company engages in B2B transactions, forming partnerships with supermarket chains that enable consistent supply agreements and bulk purchasing arrangements, promoting steady revenue flow tailored to client needs. The pricing strategy reflects the premium nature of their citrus offerings while accommodating bulk orders to ensure competitive rates. E Martinavarro SA's future growth strategy includes developing new citrus product lines and expanding its market presence in Western Europe and the Scandinavian regions. The company aims to leverage the benefits from the recent merger in July 2017 for enhanced operational synergies.
Specific timelines for product launches and market expansions have not been disclosed.
Current Investors
Citri&Co
Primary Industry
Food
Sub Industries
Canned/Frozen Fruit & Vegetables
Website
www.martinavarro.es
Company Stage
Merged
Total Amount Raised
Subscriber access only
E Martinavarro SA - timeline of key events
E Martinavarro SA - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Aug 31, 2020 | Aug 31, 2021 | Aug 31, 2022 | Dec 31, 2022 | Aug 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 235,749,690.6 | 266,405,758 | 279,962,116 | 281,350,783 | 238,396,481 | 297,246,366 | 282,252,267 | - | - | - |
| % Revenue Growth (YoY) | - | 13.0% | 5.1% | 0.5% | (15.3%) | - | - | - | - | - |
| EBITDA (USD) | 10,787,764.1 | 12,809,735.9 | 10,625,733 | 16,959,572.7 | 16,195,371 | 6,368,869 | 4,803,885 | - | - | - |
| Operating Income (USD) | 10,787,764.1 | 12,809,735.9 | 10,625,733 | 16,959,572.7 | 16,195,371 | 6,368,869 | 4,803,885 | - | - | - |
| Operating Margin | 4.6% | 4.8% | 3.8% | 6.0% | 6.8% | 2.1% | 1.7% | - | - | - |
| % EBITDA Margin | 4.6% | 4.8% | 3.8% | 6.0% | 6.8% | 2.1% | 1.7% | - | - | - |
| NET Income (USD) | 7,728,950.7 | 8,509,457.7 | 7,837,225 | 12,638,130.4 | 12,118,728.2 | 4,805,695 | 3,740,865 | - | - | - |
| % Net Margin | 3.3% | 3.2% | 2.8% | 4.5% | 5.1% | 1.6% | 1.3% | - | - | - |
E Martinavarro SA - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Completed | E Martinavarro SA, Rio Tinto Group | - | ||||||||
| Buyout | Completed | E Martinavarro SA | - |
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E Martinavarro SA - employee data
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