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La Doria, revenues down and operating margins up in the 1st half

Zachary Pearce by Zachary Pearce
September 10, 2021
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La Doria, revenues down and operating margins up in the 1st half
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(Teleborsa) – La Doria – a company listed on the STAR segment and active in the production of tomato derivatives, ready-made sauces, fruit drinks and preserved legumes – recorded revenues consolidated companies down 4.1%, to 423.8 million euros in the first half of 2021.EBITDA increased by 22% to 41.7 million euros (with an EBITDA margin of 9.8%), with Net income to 21.2 million euros, down from 25.8 million at 30 June 2020.

“The La Doria group closed the first half of 2021 with very positive results – commented the president Antonio Ferraioli – EBITDA appeared to grow further after the excellent performance of 2020 with a second quarter better than expected despite the comparison with the acute phase of the epidemic “. “We are therefore absolutely confident in the confermare i target 2021 indicated on the occasion of the publication of the 2020 results and the 2021-2023 Business Plan, that is a decrease in turnover compared to the previous year and an expanding EBITDA margin “, he added.

The net financial position, which stood at -82.4 million euros, is down compared to the -140.2 million euros recorded at 31 December 2020 and the -89.2 million at 30.06.2020 thanks to the positive generation of cash flows. The debt / assets ratio stands at 0.28x from 0.48x as of December 31, 2020.

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Tags: 1stDoriafinancemarginsoperatingrevenues
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