MARR: The Board of Directors approves the interim report as at 30 September 2019

Total revenues of 1,302.1 million Euros in the first nine months compared to 1,289.8 in 2018.

EBITDA and EBIT (after the application of IFRS 16) of 103.6 and 81.3 million Euros respectively. Net result of 55.1 million Euros.

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34% of the shares of Jolanda de Colò S.p.A. acquired, a company operating in the “premium” segment of distribution to the Foodservice sector, with over 21 million Euros in sales,  approximately 5,000 clients served and more than 2,000 products of culinary excellence.

The Board of Directors of MARR S.p.A. (Milan: MARR.MI), the leading company in Italy in the distribution of food products to foodservice, today approved the interim report as at 30 September 2019.

The total revenues in the first nine months amounted to 1,302.1 million Euros, compared to 1,289.8 million Euros in 2018.

After the application of accounting standard IFRS 16, the EBITDA and EBIT amounted to 103.6 and 81.3 million Euros respectively. The effects of IFRS 16 on the first nine months of 2019 amounted to +6.8 million Euros on the EBITDA and +0.6 million Euros on the EBIT. In the same period of 2018, the EBITDA and EBIT, without the application of IFRS 16, amounted to 97.6 and 818 million Euros.

The net result for the period amounted to 55.1 million Euros, with the effect of IFRS 16 amounting to -0,5 million Euros. The net result for the first nine months of 2018 was 56.3 million Euros.