Massimo Zanetti Beverage Group: the Board of Directors approved the Interim Financial Report as at September 30, 2015. In the nine months ended September 30, 2015, sales of roasted coffee amounted to approximately 92,500 tons, up 3.1% compared to the same period of 2014.
- Consolidated turnover: € 691.7 million (+27.1%)
- Consolidated gross profit: € 264.1 million (+13.4%)
- Consolidated (adj.) EBITDA: € 42.3 million (+9.0%)
- Group net profit: € 5.2 million
Today, the Board of Directors of Massimo Zanetti Beverage Group S.p.A., a world leader in the production, processing and distribution of roasted coffee and other selected categories of colonial goods, approved the Interim Report at September 30, 2015, prepared in accordance with Article 154-ter of Italy’s Consolidated Law on Finance (TUF).
Sales volume for the nine months ended September 30, 2015
In the first nine months of 2015, Massimo Zanetti Beverage Group’s sales of roasted coffee amounted to 92,500 tons, up 3.1% compared to the same period of 2014. Overall, the three distribution channels grew, with a 12.9% rise in Foodservice, which is becoming increasingly important in the Group’s strategy. With reference to distribution channels, Mass Market accounted for 41.3% of sales volume, whereas the Private Label and Foodservice channels accounted for 50.3% and 8.4%, respectively. Sales volume was essentially stable in the U.S. market, whereas all other markets grew, in particular France (+7.7) and Italy (+6.9%).
Revenues for the nine months ended September 30, 2015
Group’s consolidated revenues amounted to € 691.7 million, up 27.1%. This remarkable increase was also impacted by exchange-rate differences generated by translating Group companies’ Financial Statements denominated in currencies other than the euro (mostly in USD), and the rise in the selling price of roasted coffee, in line with the increase in the purchasing price of green coffee.
With reference to distribution channels, Mass Market accounted for 35.7% of consolidated revenues, whereas the Private Label and Foodservice channels accounted for 37.7% and 20.0%, respectively. The United States confirmed its position as the Group's main market of reference, accounting for 49.3% of its turnover; France ranked second (10.9%), followed by Italy (9.6%).
The Group’s results for the first nine months of 2015 will be presented during the conference call to be held today, Friday, November 13, at 3.30pm CET. The presentation will be available on the corporate website (www.mzb-group.com) and on the authorized storage system (www.emarketstorage.com). Full report.
