CJ Freshway reported sales of 3.22 trillion won for last year on the 7th. This is an increase of 4.9% compared to the previous year. Operating profit recorded 94 billion won, a decrease of 5.3% during the same period.
According to CJ Freshway on that day, sales and operating profit for the fourth quarter of last year were 850.2 billion won and 25.2 billion won, respectively, which is an increase of 7.9% and 3.4% compared to the same period last year.
Looking at last year's sales by institutional sector, the sales from the food distribution business recorded 2.39 trillion won. In particular, sales of food supplies for meal facilities showed continuous growth. With the aging population, the supply sources and quantities for elderly welfare and nursing facilities both increased. CJ Freshway explained that sales to restaurant businesses maintained strong performance by securing large franchise brands such as 'No More Pizza,' 'Seokwang Yangdaechang,' and 'Slow Cali.'
Food service (catering) sales amounted to 778.1 billion won. As demand for cafeteria services in offices and industries increased, related sales rose.
Sales from the manufacturing business are 53.6 billion won. The subsidiary 'Fresh Plus' supplies various food supplies such as sauces and seasonings to food and distribution companies, and its R&D center focuses on developing customized products, contributing to the stabilization of the business. Last year, a sauce-specialized factory located in Eumseong, Chungbuk, commenced full-scale operations.
CJ Freshway plans to enhance its core competitiveness in products and logistics to strengthen profitability while focusing on accelerating new market creation. It will increase the proportion of differentiated products such as private brands and diversify logistics services to meet segmented customer needs, thereby enhancing business capabilities further. Additionally, it will intensify efforts to maximize customer touchpoints through external platform links, segment the catering market, and explore new pathways.
Lim Seong-cheol, Chief Financial Officer (CFO) of CJ Freshway, noted, "Amid increasing economic uncertainty, we will implement a profitability-centered management strategy and discover future growth drivers," and added, "We will also strengthen fundamentals such as improving our financial structure and lead the industrialization of the market."