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CLARA MOSCHINI

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Marr: the Shareholders’ Meeting approved the 2018 financial statements

Consolidated revenues amounting to Euro 1,667.4 mln

The Shareholders’ Meeting of Marr Spa, the leading company in Italy in the sale and distribution of food products to the foodservice sector, approved the 2018 financial statements.

The 2018 business year closed with total consolidated revenues amounting to 1,667.4 million Euros, compared to 1,624.6 million in 2017.The operating profits also increased, with EBITDA of 119.3 million Euros (116.0 in 2017) and EBIT of 99.2 million (97.0 in 2017).The net consolidated profits amounted to 68.5 million Euros, an increase compared to 65.5 million in 2017, also due to net non-recurring income of 0.8 million Euros.The net financial position as at 31 December 2018 amounted to 156.6 million Euros (157.6 million at the end of 2017), the net consolidated equity as at 31 December 2018 amounted to 324.3 million Euros (304.7 million Euros in 2017).

The Shareholders’ meeting approved the distribution of a gross dividend of 0.78 Euros (0.74 Euros the previous year) with “ex-coupon” (no. 15) on 27 May, record date on 28 May and payment on 29 May. The profits not distributed will be allocated to the Reserves.

Marr (Cremonini Group) is listed on the STAR segment of the Italian Stock Exchange. With an organisation comprising 850 sales agents, the Marr Group serves over 45,000 customers (mainly restaurants, hotels, pizza restaurants, holiday resorts and canteens), with an offer that includes over 15,000 food products, including seafood, meat, various food products and fruit and vegetables.The company operates nationwide through a logistical-distribution network composed of 35 distribution centres, 5 cash & carry, 4 agents with warehouses and 750 vehicles.


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