Frigoglass SAIC Company Profile
Frigoglass SAIC
Manufacturing
- Type
Public
- Headquarters
Greece
- Establishment
1982
- Key Management
Mr.Nikolaos Mamoulis(CEO)
- Revenue
~391.7(2021)
- Headcount
~5,280(2021)
- Website
Business Description
Frigoglass SAIC produces Ice-Cold Merchandisers (ICMs). It also engages in the production of glass containers. It operates in two business segments: ICM operations and Glass operations. The ICM operations generate the highest revenue. The ICM operations are where the company makes and sells commercial refrigeration products.
Key Financials
Revenue (US$ Mn):
- US$ 392 Mn was the annual revenue generated by Frigoglass SAIC in 2021
- Frigoglass SAIC’s annual revenue for 2020 was US$ 409 Mn, a -24.2% decrease from 2019
- From 2018’s yearly revenues, Frigoglass SAIC registered a 13.17% increase in 2019, amounting to US$ 540 Mn
- Total revenue of US$ 477 Mn was generated in 2018 by Frigoglass SAIC
Operating Income (US$ Mn):
- Frigoglass SAIC’s operating income for 2021 was US$ 31 Mn, a 9.57% increase from 2020
- The operating income generated by Frigoglass SAIC in 2020 was US$ 28 Mn
- At a 38.93% increase from , Frigoglass SAIC’s operating income of US$ 57 Mn was indexed in 2019
- Frigoglass SAIC generated an operating income of US$ 41 Mn in 2018
Net Income (US$ Mn):
- Frigoglass SAIC’s net income for 2021 was US$ 1 Mn, a -106.19% decrease from 2020
- The net income generated by Frigoglass SAIC in 2020 was US$ -19 Mn
- At a -165.69% decrease from , Frigoglass SAIC’s net income of US$ 7 Mn was indexed in 2019
- Frigoglass SAIC generated a net income of US$ -10 Mn in 2018
Operating Margin %:
- 8% was the operating margin generated by Frigoglass SAIC in 2021
- Frigoglass SAIC’s operating margin for 2020 was 7%, a -35.24% decrease from 2019
- From 2018’s operating margins, Frigoglass SAIC registered a 20.69% increase in 2019, amounting to 11%
- An operating margin of 9% was generated in 2018 by Frigoglass SAIC
Gross Margin %:
- Frigoglass SAIC’s gross margin for 2021 was 19%, a 2.78% increase from 2020
- The gross margin generated by Frigoglass SAIC in 2020 was 18%
- At an 11.89% increase from , Frigoglass SAIC’s gross margin of 21% was indexed in 2019
- Frigoglass SAIC generated a gross margin of 19% in 2018
SWOT Analysis
Strengths
Customer Base
The company’s large customer base allowed it to build brand equity. It also helped it establish itself as a supplier of ice-cold merchandisers. This has resulted in increased business growth. The company sells products to the soft drink, food, and dairy industries. Major customers include Coca-Cola bottlers and Coca-Cola HBC AG AG, Coca-Cola India, and Coca-Cola European Partners Plc. Pepsi bottlers include Heineken and Diageo as well as Heineken and Carlsberg.
Get this premium content
