Total consolidated revenues of 409.2 million Euros, which were affected by the different Easter calendar compared to 418.1 million in the first quarter of 2024
Total consolidated revenues of 409.2 million Euros, which were affected by the different Easter calendar compared to 418.1 million in the first quarter of 2024
The operating profitability, with EBITDA and EBIT of 9.9 e 0.9 million Euros (16.6 and 7.5 million in 2024) respectively, was also affected by the costs incurred for the start-up of the Centre-South platform activated in early April
Net result of -2.7 million Euros (+1.7 million in 2024)
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The MARR organisation continues and enhances its focus on the implementation of Guidelines to support growth and improve profitability.The activities for putting into operation the structures of the first phase of the investments Plan continue. The second phase regarding the realisation of the Centre-North platform has been suspended
Sales are increasing after the first four months, after the Easter festivities
The Board of Directors of MARR S.p.A. (Milan: MARR.MI), the leading company in Italy in the sales and distribution of food and no-food products to foodservice, today approved the interim management report as at 31 March 2025.
Main consolidated results in the first quarter of 2025
The first quarter of 2025, historically low in terms of seasonality, closed with total consolidated revenues of 409.2 million Euros, which compared to 418.1 million in the first quarter of 2024, were affected by the different Easter calendar (21 April this year, 31 March last year) and the relative impacts on away from home consumption.
The operating profitability, with EBITDA and EBIT of 9.9 and 0.9 million Euros (16.6 and 7.5 million in 2024) respectively, compared to the first quarter of 2024, was affected not only by the trend of sales due to the different Easter calendar, but also by the costs incurred for the start-up of the MARR Centre-South platform in Castelnuovo di Porto (Rome), which started operations in early April, and increased service costs also due to higher electricity tariffs.
After the first three months of 2025, the net result, benefitting from lower net financial costs as a result of the reduction in the cost of funding, was of -2.7 million Euros (+1.7 million in 2024).
The Net Trade Working Capital as at 31 March 2025 amounted to 224.4 million Euros, compared to 234.1 million as at 31 March 2024.
The net financial debt as at 31 March 2025, before the application of accounting standard IFRS 16, amounted to 219.8 million Euros (181.5 million as at 31 March 2024), while including the effect of IFRS 16, which increased as a result of the lease of the structure for the MARR Centre-South platform, it amounted to 309.0 million Euros (260.7 million at the end of the first quarter of 2024). The financial debt as at 31 March 2025, compared to the same period for the previous financial year, was affected by investments of 31.0 million Euros during the course of twelve months and 39.1 million Euros in dividends distributed in May 2024.
The Consolidated Net Equity as at 31 March 2025 amounted to 341.2 million Euros (354.0 million at the end of the first quarter of 2024).
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