MARR, first half revenues exceed 1 billion

MARR first half revenues exceed 1 billion

(Finance) – The first six months of 2023 close for the group MARRa leading company in Italy in the marketing and distribution of food and non-food products to the foodservice sector, with total consolidated revenues at over 1 billion of Euros, equal to 1,003.2 million Euros, an increase compared to the 874.3 million Euros of the same period of the previous year.

Confirmed the improvement of operating profitability with the consolidated gross operating margin (EBITDA) equal to 53.4 million Euros compared to 35.0 million in 2022 and 56.3 million pre-pandemic in 2019. TheEBIT for the period is Euro 34.7 million, compared to Euro 18.3 million in the first half of 2022 (Euro 42 million in the first half of 2019).

At the end of the first six months of 2023 theNet incomewhich was affected by higher net financial expenses due to the increase in the cost of money starting from the second half of 2022, stood at Euro 18.7 million compared to Euro 10.5 million in the first half of 2022.

L’net financial debt as at 30 June 2023 is 250.1 million Euros and compares with 270.6 million as at 31 March 2023 and 228.7 million as at the end of the first half of 2022.

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