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$MGON: Acordy Annual-Revs north of 1.5Million Euros


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DGAP-Media / 14.06.2017 / 10:41

ACORDY INVEST SA SETS EXPANSION RULE FOR 2018

14.06.2017 MALAGA

The Acordy Inv.SA Málaga, Spain hereinafter referred to as Acordy or society, is already set today new targets for the basic business of olive oil production.

In a purposefully prepared purchase option contract from 01.06. In 2017, the company has secured itself in the district "TAMAYO", 95 ha of construction and production country. Of these, 70 hectares are planned for the planting of olive trees of the quality brands "Picual" and "Alberquina" according to the ISO 9001 standard!

25 ha are planned by the management for the expansion of the successful Andalusian horse breeding with an event and leisure center.
Acordy plans to build another 35,000 olive groves divided into one and a half to two-year-old olive trees on the 70-hectare site. Acordy calculates per tree at a cost of 100 EUR. With a total investment of 3.5 million euros for this production planning, in addition to about 1.1 million euros for the use of personnel and machinery, the total investment of the new olive field with the purchase price of the property of 1,050,000, - EUR, comes budgeted EUR 5.65 million in
total capital employed.

The conclusion of the purchase option ensures long-term sustainable olive oil production. With the down payment of EUR 16,000, as well as monthly interest payments of EUR 1,020 until September 2018, the company has a correspondingly large time frame to refinance itself as before, regardless of bank. For this purpose, Acordy prepares an investor- and distribution-friendly offer with auditors. The investment size is based on the calculated yield of approx. 450,000 liters pa The basic price for a controlled decrease under the ISO standard is 3.25 EUR per liter of olive oil.

Thus, Acordy calculates with revenues of 1,462,500, - EUR per year. The recalculated harvest quantity increases the total amount from 300,000 liters to more than 750,000 liters per year.
The new production plants work with their own water and electricity supply. Acordy calculates over EUR 10 million in sales over the next 5 years from the olive oil business.
Francis G. Baez, the CEO of the company, explains: "This step in our company came at just the right time." With the general upturn in the Spanish economy, the Spanish olive oil market will give us the important role to play in our world export rock solid and sustainable basis for our expansion course and for our investors! "

For inquiries and further information:
ACORDY INVEST SA
Tel .: [phone]
Email: [e-mail] - [e-mail]
Francis G.BAEZ,
CEO