(Teleborsa) – Newlat Food – agri-food company listed on the STAR segment of the Italian Stock Exchange – recorded revenues consolidated amounts of 245.5 million euros in the first half of 2021, down by 3.9% compared to the first half of 2020 and up by 0.7% organic (CAGR) on the pre-covid basis of the first half of 2019 . L’EBITDA was equal to 21.7 million euros (with an EBITDA margin slightly down to 8.8%). L’Net income amounted to 7.2 million euros, up 4% compared to 6.9 million in the first six months of 2020. net financial position it went from € 5.2 million at December 31, 2020 to € 16.7 million at December 31, 2021.
“With the results of the first half of 2021, Food confirms its ability to maintain high levels of profitability and solid cash generation even in less favorable market environments and characterized by a strong push for promotion, especially in the large-scale distribution channel ”, commented the president Angelo Mastrolia.
“We are convinced that the commercial discipline that characterized the first half will prove to be very useful in the following months given the difficult inflationary context which is characterizing many agricultural raw materials, wheat in particular, and which could soon have effects also on milk – added Mastrolia – To cope with this particular emergency situation, Newlat Food has already started a price increase of its products to all major customers in all countries “.
(Photo: Newlat)
.
