MARR: The BoD approves the half-yearly financial report as at 30 June 2025.
Total consolidated revenues in the first half of 2025 of 994.8 million Euros (987.7 million in 2024) and 585.6 million in the second quarter (569.6 million in the second quarter of 2024) with a positive start to the summer season in June.
EBITDA and EBIT in the first six months amounted to 47.6 and 27.2 million Euros respectively (55.6 and 35.4 million in the first half of 2024), and were affected by the costs incurred for the start-up of the Center-South platform.
EBITDA and EBIT in the second quarter amounted to 37.7 and 26.3 million Euros respectively (39.0 and 27.8 million in the same period of 2024).
The net income in the first half of 2025 amounted to 12.6 million Euros (17.5 million in 2024), while that in the second quarter was 15.3 million (15.7 million in 2024).
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Sales increased in all client segments in July and after the first seven months, the increase in sales to clients of the Street Market and National Account segments is in line with the objectives for the year.
The Board of Directors of MARR S.p.A. (Milan: MARR.MI), the leading company in Italy in the sale and distribution to the foodservice of food and non-food products, today approved the half-year financial report as at 30 June 2025
Main consolidated results in the first half of 2025
The first half of 2025 ended with total consolidated revenues of 994.8 million Euros, an increase compared to 987.7 million Euros of the first half 2024. In particular, the total revenues in the second quarter of 2025 amounted to 585.6 million Euros and, compared to 569.6 million for the same period in 2024, also benefitted from the different Easter calendar (20 April this year and 31 March last year) and a positive start to the summer season in June.
EBITDA and EBIT in the first six months, which were also affected by the costs incurred for the start-up of the Center-South platform in Castelnuovo di Porto, with overlaps during the current year with the other operating facilities in the Lazio region, amounted to 47.6 and 27.2 million Euros respectively (55.6 and 35.4 million in the first six months of 2024).
EBITDA and EBIT amounted to 37.7 and 26.3 million Euros respectively in the second quarter of 2025 (39.0 and 27.8 million in the same period of 2024).
After the first six months of 2025 the net income benefitted from lesser net financial charges as a result of the reduction of the cost of funding and amounted to 12.6 million Euros (17.5 million in 2024).
The net income in the second quarter of 2025 amounted to 15.3 million Euros (15.7 million in 2024).
The Trade Net Working Capital as at 30 June 2025 amounted to 193.8 million Euros and, compared to 183.7 million after the first six months of 2024, was also affected by an increase in inventory regarding the start-up of the Central platform in Castelnuovo di Porto.
The net financial debt as at 30 June 2025, before the application of accounting standard IFRS 16, amounted to 206.8 million Euros (163.6 million Euros as at 30 June 2024), while it amounted to 296.0 million Euros (240.8 million Euros after the first six months of 2024) including the effects of IFRS 16, which increased as a result of the lease of the structure for the MARR Center-South platform. The financial debt as at 30 June 2025 compared to the same period last year was affected by investments of 34.9 million Euros made during the last twelve months and of 38.5 million Euros in dividends distributed in May 2025.
The consolidated Net Equity as at 30 June 2025 amounted to 315.3 million Euros (326.2 million as at 30 June 2024).
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