MARR: The Board of Directors approves the results of the first half of 2019

Total revenues of the first six months at 793.0 million Euros (782.6 million in 2018).

EBITDA and EBIT (after the application of IFRS 16) at 56.3 and 42.0 million Euros respectively. Net result of 27.8 million Euros.

The Board of Directors of MARR S.p.A. (Milan: MARR.MI), the leading company in Italy in the sale and distribution of food products to the foodservice, today approved the half-year financial report as at 30 June 2019.

The total consolidated revenues in the first half-year amounted to 793.0 million Euros, compared to 782.6 million in 2018.

After the application of accounting standard IFRS 16, the EBITDA and EBIT amounted to 56.3 and 42.0 million Euros respectively. The effects of IFRS 16  in the first half of 2019 amounted to +4.5 million Euros on the EBITDA and +0.4 million on the EBIT. In the first half of 2018, the EBITDA and EBIT, without the effects of IFRS 16, amounted to 52.7 and 42.7 million Euros.