Slide 1: 1Q 2025 Results
1Q 2025 Results Conference Call – May 15, 2025
Slide 2: Important information
Important information 1Q 2025 Results This presentation is being shown to you solely for your information and may not be reproduced, distributed to any other person or published, in whole or in part, for any purpose. The information in this presentation could include forward-looking statements which
Slide 3: Financial highlights
Financial highlights 1Q 2025 Results €m Total Revenues EBITDA EBIT Net Result 418.1 409.2 16.6 9.9 7.5 1.7 0.9 1Q 24 1Q 25 1Q 24 1Q 25 1Q 24 1Q 25 -2.7 1Q 24 1Q 25 Main financial highlights of 1Q 2025, with 1Q historically seasonally low, are as follows: - Total Consolidated Revenues amounted to 409
Slide 4: Total Sales
Total Sales 1Q 2025 Results Total sales by segment €m National Account breakdown 412.5 403.4 Street Market Chains & Groups 256.7 245.1 114.6 118.6 National Account 48.4 43.8 Canteens 114.6 118.6 Wholesale 66.2 74.8 41.2 39.7 1Q 2024 1Q 2025 1Q 2024 1Q 2025 - 1Q 2025 sales compared to 1Q 2024, which
Slide 5: Income statement
Income statement 1Q 2025 Results €m 1Q 2024 % 1Q 2025 % Total revenues 418.1 100.0% 409.2 100.0% − Gross Margin was also impacted by the change in Cost of goods sold (332.9) -79.6% (327.3) -80.0% the sales mix as a consequence of the Easter Services (56.1) -13.5% (58.4) -14.3% calendar Other operati
Slide 6: Trade NWC as at 31 March 2025
Trade NWC as at 31 March 2025 1Q 2025 Results Trade NWC Cash conversion cycle - days €m 31.03.23 31.03.24 31.03.25 95 95 94 Accounts Receivable 350.7 349.5 321.9 Days 74 75 71 74 75 71 Inventory 245.3 236.2 245.6 Days 64 64 68 64 68 64 Accounts Payable (362.5) (351.6) (343.0) 43 44 44 Days 95 95 94
Slide 7: Net Debt as at 31 March 2025
Net Debt as at 31 March 2025 1Q 2025 Results €m Net Debt and IFRS 16 effect Gross Debt (net of IFRS 16) 309.0 Non-current debt 260.7 264.3 237.9 89.3 160.2 79.3 67.4 60.0 219.8 181.5 170.4 116.3 72.8 91.5 40.0 31 Mar 24 31 Dec 24 31 Mar 25 1Y 2Y 2Y-5Y > 5Y Floating Fixed Net Debt IFRS 16 effect - Ne
Slide 8: Development Guidelines
Development Guidelines 1Q 2025 Results - The MARR organization continues to strengthen the focus on the implementation of the Guidelines to support growth and improve profitability. In particular, the main areas of intervention of the Guidelines concern: commercial development: service and product i
Slide 9: Investment Plan update
Investment Plan update 1Q 2025 Results - The leased Center-South MARR platform (Castelnuovo di Porto, Rome) was activated according to plan in early April - The Castelnuovo di Porto facility has taken up to date: i) stocking services, also with the optimization of temporary deposits at external thir
Slide 10: Current trading
Current trading 1Q 2025 Results - After the Easter holidays in April and the "long spring weekends" of April 25 and May 1, at the end of the first four months the sales trend of the MARR Group is growing - In particular in the two-month period March-April the increase in sales to customers of the St
Slide 11: Investor Relations contacts
Investor Relations contacts 1Q 2025 Results Antonio Tiso atiso@marr.it tel. +39 0541 746803 mob. +39 331 6873686 Giacomo Pesaresi gpesaresi@marr.it tel. +39 0541 746772 mob. +39 331 3061500 Léon Van Lancker lvanlancker@marr.it mob. +39 335 1872014 For further details visit IR’s sections at MARR webs