Fornetti Kft
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Fornetti Kft - overview
Established
1997
Location
Kecskemet, -, Hungary
Primary Industry
Food
About
Fornetti Kft is a Hungarian company specializing in the production of a diverse range of baked goods, focusing on convenience pastries and snacks for retail and food service markets. Founded in 1997 in Kecskemét, Hungary, Fornetti Kft produces a variety of baked goods, primarily targeting the convenience food sector. The company has maintained a consistent business model without significant pivots and operates as an independent firm without noted parent or subsidiary relationships. Fornetti has successfully completed 2 deals, with the most recent deal occurring on June 1, 2012, when Value4Capital exited its investment.
Details regarding the founder's background are not publicly available. Fornetti specializes in the production of a wide range of baked goods, emphasizing ready-to-eat products such as croissants and pastries. Their offerings cater to busy consumers looking for high-quality snack options suitable for breakfast or on-the-go consumption. Fornetti serves a diverse clientele, including retailers, food service providers, and wholesalers, successfully reaching consumers across Europe and Asia, aligning with various culinary traditions.
In the most recent year, Fornetti reported a revenue of USD 68. 67 mn, with an EBITDA of USD 6. 59 mn. The company's revenue is generated through direct sales and partnerships with various retailers and food service outlets, enabling them to supply their products to supermarkets, convenience stores, and cafes that cater to end consumers.
Fornetti plans to enhance its product lineup with new bakery items targeted for launch in the upcoming year. Additionally, the company aims to expand its market presence in new regions by the end of 2024, focusing on untapped areas in Europe and Asia. The funding from the most recent deal in June 2012 will support these growth initiatives, though specific allocations have not been disclosed.
Primary Industry
Food
Sub Industries
Bakery Products, Food & Beverage Distribution
Website
www.fornetti.com
Total Amount Raised
Subscriber access only
Fornetti Kft - timeline of key events
Fornetti Kft - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Jul 31, 2016 | Jul 31, 2017 | Jul 31, 2018 | Jul 31, 2019 | Jul 31, 2020 | Jul 31, 2021 | Jul 31, 2022 | Jul 31, 2023 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 10,773,191,000 | 12,641,030,000 | 15,117,203,000 | 19,952,587,000 | 23,583,224,000 | 14,376,232,000 | 27,739,327,000 | 28,538,348,000 | 30,962,350,000 | 27,932,195,000 | 30,315,086,000 | - | - | - |
| % Revenue Growth (YoY) | - | 17.3% | 19.6% | 32.0% | 18.2% | - | - | 2.9% | 8.5% | (9.8%) | 8.5% | - | - | - |
| EBITDA (USD) | 910,296,000 | 1,710,140,000 | 12,044,928,000 | 2,181,569,000 | 2,751,839,000 | 1,225,365,000 | 2,337,914,000 | 2,033,493,000 | 2,513,805,000 | 1,154,891,000 | 1,078,359,000 | - | - | - |
| Operating Income (USD) | 78,318,000 | 874,979,000 | 11,167,793,000 | 1,307,717,000 | 1,895,797,000 | 756,737,000 | 1,495,767,000 | 1,229,184,000 | 1,730,312,000 | 404,853,000 | 329,919,000 | - | - | - |
| Operating Margin | 0.7% | 6.9% | 73.9% | 6.6% | 8.0% | 5.3% | 5.4% | 4.3% | 5.6% | 1.4% | 1.1% | - | - | - |
| % EBITDA Margin | 8.4% | 13.5% | 79.7% | 10.9% | 11.7% | 8.5% | 8.4% | 7.1% | 8.1% | 4.1% | 3.6% | - | - | - |
| NET Income (USD) | (107,085,000) | 647,503,000 | 850,701,000 | 976,896,000 | 1,485,769,000 | 569,251,000 | 1,191,510,000 | 1,112,696,000 | 1,531,246,000 | 340,317,000 | 277,039,000 | - | - | - |
| % Net Margin | (1.0%) | 5.1% | 5.6% | 4.9% | 6.3% | 4.0% | 4.3% | 3.9% | 4.9% | 1.2% | 0.9% | - | - | - |
Fornetti Kft - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Exit | Completed | Fornetti Kft | - | ||||||||
| Buyout | Completed | Fornetti Kft | - |
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Fornetti Kft - employee data
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