After a long period of blocked activities in the sector of out-of-home food consumption, the first half of 2020 closed with June being characterised by a positive recovery in demand.
July has also confirmed the gradual return to normality.
MARR has enhanced its strategic approach and the guidelines defined at the beginning of the pandemic, with results achieved and outlook in line with forecasts.
Highlights of the first half-year
- Total revenues of 447.1 million in the first half-year, with revenues in June of 64% of those in the same month last year (73% in July)
- Gross operating margin (EBITDA) positive at the end of the half-year (0.5 million) also thanks to the recovery in the month of June
- EPS positive in June; the progressive, at -0.21 Euros, was affected by the losses accumulated in the previous three months
- Solidity of the financial structure confirmed
The Board of Directors of MARR S.p.A. (Milan: MARR.MI), the leading company in Italy in the sale and distribution to foodservice of food and non-food products, today approved the half-year financial report as at 30 June 2020.
The unabated commitment of all of the Company’s workforce, combined with the professionalism and skills characterising the entire organization, have enabled the Company to overcome the difficult period of crisis in out-of-home consumption, ensuring the continuous closeness to its clients and enhancing its already solid partnership with them.
The strategic approach, and the resulting guidelines, set out by the Company at the start of the impact on consumption caused by the spread of the pandemic have shown to be suited to this particular period in time and capable of ensuring that MARR maintains solid links with its partners and its reference market.
In particular, both the products-related and marketing initiatives implemented and the level of service guaranteed and modulated during the various different phases of the lockdown and subsequent gradual reopening, have been positively acknowledged, as they have ensured the correct market response to the needs of each specific moment in time. The support provided in this respect in terms of development of business opportunities that arose for clients from time to time (food delivery, take away, etc.) must also be added.
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