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    1. MARR: The Board of Directors approves the results of the first half of 2012.
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MARR: The Board of Directors approves the results of the first half of 2012.

 

Net result for the first 6 months of 21.1 million Euros.

 

Total revenues stable (601.4 million Euros) despite the decrease of the out of home food consumption.

 
Rimini, 3 August 2012
 

The Board of Directors of MARR S.p.A. (Milan: MARR.MI), the leading company in Italy in the distribution of food products to the foodservice, today approved the half-year financial report as at 30 June 2012.

 

Main consolidated results of the first half of 2012

 

In the context of a decreasing reference market, the total consolidated revenues for the first six months of 2012 were stable and amounted to 601.4 million Euros, compared to 600.7 million for the same period of 2011.

The profitability levels were also confirmed, with EBITDA of 41.2 million Euros (42.4 million in 2011), EBIT of 35.2 million (36.5 million in 2011) and a net result of 21.1 million Euros (22.2 million for the same period of 2011 and 20.1 million in the first six months of 2010).

The net financial indebtedness, after the payment on 31 May last of 35.5 million Euros in dividends (which had been 32.9 million in 2011), reached 171.8 million Euros compared to 170.9 million Euros as at 30 June 2011.

The consolidated net equity as at 30 June 2012 amounted to 208.8 million Euros compared to 196.4 million as at 30 June 2011 and 182.1 million after the first six months of 2010.

 
 
Publication date
Friday, 3 August, 2012