Ivs Group: net profit rises to 6.1 mln
Constant growth in the results of the automatic distribution Group
The first Italian operator and second in Europe in the sector of automatic distribution (distributors) of drinks and snacks, Ivs Group, ended the first quarter of 2018 with production for 107.31 million euro, up by 6.1% compared to 101.11 million in the first three months of last year. Net profit, excluding minority interests, rose from € 5.21 million to € 6.13 million (+ 17.7%), the adjusted one was € 6.8 million (+ 13%) . At the end of March, net debt had risen to € 262.5 million, from € 254.1 million a year earlier, after technical investments of € 14.4 million and acquisitions of € 10 million. The Ivs Group management reported that in the second half of 2018, consistent with market conditions, they were implemented to optimize the costs of the group's financial structure. The shareholders' meeting has appointed the new board of directors that will remain in office until the approval of the 2020 budget.
© World Food Press Agency Srl