MARR S.p.A. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
November 14, 2018
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MARR S.p.A. reported consolidated earnings results for the third quarter and nine months ended September 30, 2018. The total consolidated revenues in the third quarter amounted to EUR 507.2 million, an increase compared to EUR 494.5 million in 2017. The operating profits also increased, with EBITDA of EUR 44.9 million against EUR 44.0 million in 2017 and EBIT of EUR 39.1 million against EUR 38.6 million in 2017. The net result for the period amounted to EUR 27.7 million, an improvement compared to EUR 26.6 million in the third quarter of 2017.
The total consolidated revenues for the first nine months amounted to EUR 1,289.8 million compared to EUR 1,263.1 million in 2017. In the first nine months of 2018, EBITDA reached EUR 97.6 million against EUR 94.8 million in 2017, while EBIT was EUR 81.8 million against EUR 80.2 million in 2017. The net consolidated profit for the first nine months amounted to EUR 56.3 million, an increase compared to EUR 53.9 million in 2017.
Marr SpA is an Italy-based company specialized in the distribution of food products to the non-domestic catering sector. Marr SpA serves mainly restaurants, hotels, pizza restaurants, resorts and canteens, with an offer that includes various food products, including fish, meat, various foodstuffs and fruit and vegetables and at the different conservations (frozen, fresh and dry). The Company operates nationwide through a logistical-distribution network composed of around 35 distribution centers, with around 5 stocking platforms and approximately 5 cash & carry, around 5 agents with warehouses and over 700 trucks. The operational structure is organized with the objective of delivering the products requested every day and within a day of reception of the order.