Selecta Group, a Swiss-based foodtech leader with a distribution network in Europe, announced its results for the third quarter of 2023.
- Strong adjusted EBITDA of €62.6 million, 10.7% increase versus last year.
- Adjusted EBITDA margin of 21.4%, 2.4pp increase versus last year mainly driven by profitability enhancement projects.
- Reported EBITDA of €54.3 million, 34.8% increase versus last year.
- Reported EBITDA margin of 18.5%, 5.0pp increase versus last year demonstrates successful transformation.
- Group sales slowed to €292.5 million, -1.5% versus last year.
- Sales per machine per day of €12.3, increased 13.8% versus last year.
Executive Chairman, Joe Plumeri, said in the announcement: “We continue to lead the Foodtech market, consistently meeting our clients' needs with world-class brands and outstanding service. Service is key to deliver on our purpose of creating millions of moments of joy to our consumers, therefore investing in our people is essential.”
Christian Schmitz, Selecta Group CEO, added in the announcement: "We are pleased to announce Selecta’s robust results, characterized by significant EBITDA growth and margin expansion, demonstrating successful transformation. Our relentless commitment to innovation and strategic partnerships continues to reinforce our Foodtech value proposition."
Expansion of foodtech across Europe
The integration of foodtech installations across various sectors, from hotels to retail, from private to on-the-go segments, continues to grow and fundamentally reshape Selecta’s clients and consumers experiences. Its foodtech solutions are present in major airports, transforming travelers’ experiences by offering them attractive and convenient options for drinks, snacks and fresh food on the go. Stansted Airport in the U.K., Bologna Airport in Italy, and Swedavia Airport in Sweden are just a few of the locations that have recently embraced Selecta’s foodtech solutions. Accessible during extended airports waits as well as outside of restaurants and shops business hours, foodtech solutions give travelers round-the-clock access to an extensive range of fresh food and beverage products.
Selecta’s Foodies solutions are also a perfect match for the healthcare sector. Patients, visitors, and employees can now enjoy round-the-clock drinks and fresh food in two prestigious hospitals in Denmark, Køge & Roskilde.
For Unite Students in the U.K., Selecta has customized 24/7 foodtech solutions with premium coffee and fresh food choice, which have been installed in its Nottingham accommodation.
In the Spanish market, three industry leaders are improving their employees experience through Selecta´s foodtech solutions. Banco Santander continues to expand its foodtech offering, seamlessly integrating up to 13 micro markets. In the energy sector, Acciona and Naturgy have upgraded its offering with smart fridges in line with the needs of its employees. The service excellence, the product range and the barrier-free handling have been decisive factors. These examples demonstrate that innovative technology combined with excellent service at workplaces impacts the well-being of employees.
Ecovadis, a globally recognized sustainability rating, evaluates companies based on their environmental, social, and ethical performance through a comprehensive assessment in areas such as environmental impact, fair labor practices and human rights, ethical sourcing, and sustainable procurement. Selecta´s Pelican Rouge Coffee Roaster (PRCR) recently won the Gold Medal, which demonstrates its commitment to sustainability. This recognition reflects the company's ongoing efforts to minimize its environmental footprint and positively impact throughout the coffee supply chain. In 2022, Pelican Rouge Coffee launched its fully sustainable coffee line, setting a new standard for eco-conscious coffee production.