Mutti kicks off the tomato season with a 5 per cent rise in sales
Exports are also on the rise, now accounting for over 60 per cent of turnover. The canning company has secured a partial refund of tariffs from the US authorities
Key points
Francesco Mutti, chief executive of the canning company – now one of the sector’s leading players, not just in Italy – is heading into the new tomato harvesting and processing season on the back of positive market results. Despite tariffs and geopolitical challenges, Mutti achieved a 5 per cent increase in sales in the first few months of the year, following on from the 10 per cent growth recorded in 2025, with turnover reaching €777 million.
Sales up 5%, whilst exports accounted for over 60 per cent of turnover
“Exports are also going well,” explains Mutti, “we operate in 105–106 markets and all are showing positive growth, to the extent that we have exceeded the 60 per cent threshold for turnover generated abroad. Europe is performing well, driven by the United Kingdom and Germany (a country where we are competing for market leadership). We are growing in Eastern Europe, where we have opened a branch in Poland. But we are also performing well in regions such as Australia and the United States. In the US, we are among the leading brands and the fastest-growing company.”
One of the few companies to have secured a partial refund of tariffs
In the US, Mutti also boasts another ‘first’. ‘We are among the few,’ explains the chief executive, ‘who have secured a partial refund of the tariffs. Following the Supreme Court ruling that rejected the increase in tariffs from 11 per cent to 15 per cent, they refunded us those 4 percentage points of extra tariff we had paid. But this risks remaining a symbolic achievement because a further 10 per cent increase in tariffs is under discussion, which would ultimately negate even the refund.”
According to the CEO, the main problems on international markets do not relate solely to tariffs but, above all, to the climate of uncertainty that is driving up production costs, starting with energy and transport costs.
100 million investment planned over four years
During the first half of the year, the canning company was busy implementing a new IT system. This decision, together with a series of measures to improve the efficiency of the production process, forms part of the €100 million investment programme allocated over a four-year period.
