MARR: The Board of Directors approves the interim report as at 31 March 2012.

In a weak market, MARR confirms the increase in revenues and profitability in the 1st quarter of 2012:

Total consolidated revenues of 255.1 million Euros (+ 2.3%);
Consolidated EBITDA of 11.6 million Euros (+ 2.9%);
Consolidated EBIT of 9.0 million Euros (+ 3.8%);
Net result of 4.7 million Euros (+ 2.1%).

Rimini, 11 May 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 interim report as at 31 March 2012.

Main consolidated economic results of the first quarter of 2012

The total consolidated revenues for the period amounted to 255.1 million Euros, an increase of 2.3% compared to 249.4 million Euros in 2011.

The operating profitability increased, with EBITDA of 11.6 million Euros (+2.9% compared to 11.3 million Euros for the same period in 2011) and EBIT of 9.0 million Euros (+3.8% compared to 8.7 million Euros in 2011).

Net result reached 4.7 million Euros, an increase of 2.1% compared to 4.6 million Euros in the 1st quarter of 2011.

The net debt at the end of the quarter reached 172.5 million Euros compared to 169.5 million as at 31 March 2011.

The consolidated net equity as at 31 March 2012 amounted to 228.6 million Euros (211.7 million Euros as at 31 March 2011).

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Publication date
Friday, 11 May, 2012