Orsero expects 2024 profit between 28 and 32 million euros

Orsero expects 2024 profit between 28 and 32 million euros

(Finance) – Orsera company listed on Euronext STAR Milan and active in the import and distribution of fresh fruit and vegetables, forecasts for 2024 Net revenues between 1,530 million and 1,590 million euros, a Adjusted EBITDA between 77 million and 84 million euros; Adjusted net profit between 28 million and 32 million euros.

There net financial position will be between 110 million and 105 million euros. The investments in operating fixed assets will be between 21 million and 23 million euros (including investments linked to the multi-year sustainability plan).

“In a context marked by geopolitical uncertainties, complex macroeconomic conditions and an uncertain and volatile market both in terms of raw materials and consumption, we remain strongly positive for the prospects of the Group for the year 2024 and those to come – Matteo Colombini, co-CEO and CFO of the Group – The size reached by the Group allows us to foresee a 2024 Guidance with revenues still growing and a margin that stands at excellent levels for the Distribution BU, also thanks to the balancing of our basket with high value-added products combined with the lines large volume commodity. As regards the Shipping BU, for the first year after a record two-year period, we note the definitive normalization of profitability due to the overcapacity of the maritime transport market at a global level which, albeit in a controlled manner, also affects the niche operated by the Group”.

“The financial structure continues to be solid and capable of coping with the high investments expected and the remuneration of shareholders – he added – Orsero’s strong operating cash generation allows for a ample room for maneuver regarding future growth through organic projects and M&A transactions“.