Villorba (Treviso, Italy), August 8, 2017 - Today, the Board of Directors of Massimo Zanetti Beverage Group S.p.A. (“MZBG” or the “Company”) approved the half-year financial report at June 30, 2017.
During the half year, Massimo Zanetti Beverage (MZB) Group continued its trend in improving the product mix with a composition providing greater profitability. This was also reflected in the performance of the Food Service and Mass Market channels, which together represented 51.8% of roasted coffee sales volumes and 59.5% of consolidated revenue. In addition, it is worth noting the increase in the Single Serve segment, which recorded +64.5% in volumes and +41.7% in revenue.
Roasted coffee sales volumes were substantially stable compared to the same period in the previous year, amounting to 63,239 tons;
Consolidated revenue of Euro 475.6 million, up 7.4% compared to the first half of 2016;
Gross Profit up +6.3% at Euro 195.9 million compared to the first half of 2016;
Consolidated EBITDA up +9.1% at Euro 29.1 million compared to the first half of 2016;
Profit for the period amounted to Euro 4.4 million; Net financial indebtedness of Euro 247.0 million;
Guidance 2017 confirmed.