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CLARA MOSCHINI

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Marr (Cremonini), net income H18 reached 28.6 million Euros

Total consolidated revenues of 782.6 million Euros

The Board of Directors of MARR S.p.A. (Cremonini Group), the leading company in Italy in the sale and distribution of food products to the foodservice, today approved the half-year financial report as at 30 June 2018. 

The total revenues for the first half-year amounted to 782.6 million Euros, an increase compared to 768.5 million Euros in 2017.  EBITDA and EBIT also increased, amounting respectively to 52.7 million Euros (50.8 million in 2017) and 42.7 million Euros (41.7 million in 2017).  The net income for the first six months amounted to 28.6 million Euros, an increase compared to 27.3 million in 2017. 

The net trade working capital as at 30 June 2018 amounted to 210.9 million Euros, a reduction compared to 231.8 million at the end of the first half of 2017. 

Net financial debt as at 30 June 2018 amounted to 173.3 million Euros, a decrease compared to 209.0 million for the same period in 2017, after the payment (in May 2018) of 49.2 million Euros in dividends, compared to 46.6 million paid out in May 2017. 

The consolidated net equity as at 30 June 2018 amounted to 283.7 million Euros, compared to 267.6 million as at 30 June 2017. 

In particular, the sales in the first half-year the main Street Market segment (restaurants and hotels not belonging to Groups or Chains), sales in the first six months amounted to 502.1 million Euros (481.7 million in 2017). 

Sales in the National Account segment (operators in Canteens and Chains and Groups) in the half-year amounted to 156.3 million Euros (142.7 million in 2017).

Sales to clients in the Wholesale segment in the half-year amounted to 112.0 million Euros (130.9 million in 2017).

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