The MARR Group closed the 2024 business year with:
- Total Consolidated revenues of 2,098.0 million euro, an increase compared to 2.085,5 million in 2023
- Consolidated EBITDA of 120.2 million euro (123.1 million in 2023) and EBIT of 80.7 million euro (84.9 million in 2023)
- Net consolidated result of 42.7 million euro (47.1 million in 2023)
- Net Financial Position of 237.9 million euro (170.4 million without the application of the effects of IFRS 16) compared to 223.4 million as at 31 December 2023 and after 28.5 million of investments during the year.
A gross dividend of 0.60 euro per share has been proposed, in line with the 0.60 euro of the previous year.
The first two months of 2025 show a growth trend in sales and this is consistent 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 of food and non-food products to the foodservice, today approved the consolidated financial statements and the draft 2024 annual financial statements, to be submitted to the Shareholders’ Meeting convened on 28 April next. The Director’s Report of the consolidated financial statements, pursuant to the Legislative Decree 125/2024 implementing the EU Directive 2022/2464 (the so-called CSRD - Corporate Sustainability Reporting Directive), includes the sustainability reporting prepared according to ESRS (European Sustainability Reporting Standards).
Main consolidated results for 2024
The MARR Group closed the 2024 business year with Total Consolidated Revenues of 2,098.0 million euro, an increase compared to 2,085.5 million in 2023.
The consolidated EBITDA for the 2024 business year amounted to 120.2 million euro and, compared to 123.1 million in 2023, was influenced by the incidence of logistics costs (in particular transport and handling of goods), the increase of which was also affected by the reduction in the euro/kg ratio of the products sold which affected the first part of the summer period.
The consolidated EBIT for the 2024 business year amounted to 80.7 million euro (84.9 million in 2023).
The Net consolidated result amounted to 42.7 million euro and, compared to 47.1 million in 2023, was affected in the first half of the business year by the increased financial charges, also linked to the trends in the cost of funding.
The Net Trade Working Capital (NWC) as at 31 December 2024 amounted to 169.2 million euro, a reduction compared to 170.6 million at the end of 2023, with a consequent improvement in the incidence of the NWC on the Total Revenues, the increase of which amounted to 12.5 million.
The net financial debt as at 31 December 2024 amounted to 237.9 million euro, compared to 223.4 million in 2023.
Net of the effects of the application of accounting standard IFRS 16, the Net Financial Position at the end of the 2024 business year amounted to 170.4 million euro and, compared to 141.8 million as at 31 December 2023, was affected by investments of 28.5 million and by the distribution of dividends of 39.1 million euro.
The consolidated Net Equity as at 31 December 2024 amounted to 345.6 million euro (355.5 million in 2023) and includes a reserve for the purchase of treasury shares of 25.2 million euro (12.0 million as at 31 December 2023) regarding the purchase of 2,141,460 treasury shares, amounting to about 3.2% of the Share Capital.
The Company currently owns 2,267,150 treasury shares, corresponding to about 3.4% of the Share Capital.
Results of the parent company MARR S.p.A. and dividend proposal
The parent company MARR S.p.A. closed the 2024 business year with 1,984.4 million euro in Total Revenues (1,969.4 million in 2023) and a Net Result of 43.0 million euro (44.9 million in 2023).
Today's Board of Directors meeting proposed to the Shareholders' Meeting to be held on 28 April to distribute a gross dividend of 0.60 euro (0.60 euro last year), with "ex-coupon" (no. 20) on 19 May 2025, record date on 20 May and payment on 21 May.
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