The BonÀrea Agri-food Group, headquartered in Guissona (Lleida), closed the 2024 financial year with a record net profit of €88.8 million, representing a significant increase of 9.3% on the previous year. This milestone was achieved despite recording a total turnover of €2.680 billion, a figure that represents a 1.5% decline compared with 2023, marking the second consecutive year of falling sales.
As explained in the CORPORATE REPORT 2024, just published in May 2025, the decrease in turnover is attributed to price deflation, including fuel prices.
The improvement in financial results was made possible, according to the company, thanks to “solid growth in human food sales and the optimisation of its unique vertical integration model, free of intermediaries”. This model is fundamental to understanding BonÀrea’s operations, as it is structured “from the farm, with livestock rearing and finishing, through to its own retail stores, a process carried out without intermediaries”. In other words, the company encompasses the entire value chain, controlling everything from the origin of animal products through to direct sale to the consumer. The company explicitly operates livestock farming activities.
In 2024 they further optimised operational and logistical efficiency; this substantial reduction in costs enabled them to increase profitability
The foundation of this BonÀrea integration system rests on an extensive network of 4,500 farmers and growers, who “form the backbone of its production model”. This rootedness in the rural world and the direct relationship with producers are cornerstones of the model that enables BonÀrea to manage the “farm to fork” process and offer quality products at the best price.
Within the group’s various divisions — which encompass human food, animal feed, energy, and agricultural services — the results of activities directly related to livestock farming showed differing performances. The animal feed division recorded a turnover of €468 million, representing a decline of 12%. The company acknowledged that the prices of certain raw materials were higher than forecast.
On the other hand, the human food segment — the group’s primary division — delivered a very positive performance. It achieved total sales of €1.530 billion in 2024, up 5.74% on the previous year. Sales through its stores totalled €1.236 billion, with year-on-year growth of 4.6%.
The strong performance of products such as eggs, meat, and processed meat products, as well as bread and pastries, was key to this growth across its 597 operational outlets at year-end. These meat products and eggs are a direct result of the integrated model that begins in livestock farming.
Eggs WERE ONE OF THE PRODUCTS WITH THE HIGHEST VOLUME OF GROWTH IN ITS STORES, THROUGH WHICH MORE THAN 2 MILLION SHOPPERS PASS EVERY WEEK, WITH SALES HAVING INCREASED BY 12.9% IN 2024
In terms of investment, BonÀrea allocated €117.1 million in 2024, in line with previous years and slightly above initial forecasts. A large share of these investments focused on expanding the retail network and the optimisation of logistical and production processes. Noteworthy is the reinforcement of the capacity of the ‘La Closa’ food processing centre in Guissona and, in particular, the development of the food complex in Épila (Zaragoza), in which a cumulative total of €207 million has been invested up to 31 December 2024 and which is considered a key asset for expanding the BonÀrea model into new geographical areas. This production complex is vital in supporting the integrated chain that processes products originating from livestock farming activities.
At BonÀrea’s new food complex in Épila (Aragon), a total of €207 million has been invested up to 31 December 2024, in keeping with the pace set by the rollout of the new bonÀrea store network across Spain.
BonÀrea’s commitment to the local community was also reflected in the creation of 538 new jobs in 2024, bringing total headcount to 6,418 employees. This 9.1% growth in direct employment adds to the broad base of 4,500 farmers and growers who collaborate with the company, reaffirming its role in the development and revitalisation of the rural world.
Finally, the company approved the distribution of a dividend of €26 per share, two euros more than the previous year, reflecting the financial strength achieved. BonÀrea has experienced significant growth in recent years, with turnover 40% higher and profit more than 24% greater than in 2019. Chief Executive Officer Ramon Alsina Corellana emphasises that the key lies in the consolidation of the “unique integrated model… rooted in the rural world and based on proximity”, underpinned by an ambitious commercial expansion plan.
For further information:
-. CORPORATE REPORT 2024 BonÀrea (18 pages, published May 2025)