• Revenues: € 254.1 million vs. € 250.8 million at 30.09.2023 (+1.3%).
  • EBITDA MARGIN: 10.13% vs. 9.6% at 30.09.2023.
  • EBITDA: € 25.7 million vs. € 24 million at 30.09.2023 (+7%).
  • EBIT: € 14.2 million vs. € 11.8 million at 30.09.2023 (+20.1%).
  • Net profit: € 8.3 million vs. € 6.3 million at 30.09.2023 (+33.1%).
  • Net financial debt: € -22.9 million, essentially stable compared to € -20.4 million at 31 December 2023.
  • Date of completion of the procedure for settlement of the shares subject to withdrawal.

Turin, 12 November 2024 – The Board of Directors of Centrale del Latte d’Italia S.p.A. (“CLI” or the “Company”) – the third Italian operator in the fresh and long-life milk market – which met under the chairmanship of Angelo Mastrolia, approved the results as at 30 September 2024.
The Company recorded revenues of € 254.1 million in the first three quarters of 2024, compared to € 250.8 million in the same period of 2023, with an increase of 1.3% thanks to higher sales volumes in the Dairy sector, particularly of mascarpone, along with a higher average sales price aimed at offsetting the rising costs in the milk, cream, and butter sectors.
EBITDA as at 30 September 2024 amounted to € 25.7 million, compared to € 24 million as at 30 September 2023, with an increase of 7%. The EBITDA margin of 10.13% marks an increase compared to the EBITDA margin of 9.6%, reported in the third quarter of 2023.
EBIT as at 30 September 2024 was equal to € 14.2 million, compared to € 11.8 million recorded in the same period of the previous year, with an increase of 20.1%.
EBT was € 11.8 million vs. € 8.8 million in the first nine months of last year, with an increase of 34.1%.
Net profit was equal to € 8.3 million, an increase compared to 30 September 2023, which amounted to € 6.3 million (+31.7%).
Net financial debt was equal to € -22.9 million, essentially stable compared to € -20.4 million at 31 December 2023.

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This press release is available on the Company’s website https://centralelatteitalia.com/financial/investor-relations/press-release-and-notification/ and on the authorised storage mechanism eMarket Storage at the following address www.emarketstorage.com.

The Centrale del Latte d’Italia Group and Newlat Food, majority shareholder since 1 April 2020, today represent the third Italian operator in the Milk & Dairy sector.
Newlat Food is a leading multinational, multi-brand, multi-product, and multi-channel player in the Italian and European food & beverage sector, with a portfolio of over 30 historic and internationally recognized brands. The Group holds leading positions in various categories, including pasta and baked goods, dairy products, fish and canned foods, soft drinks and juices, edible oils, ready meals, and specialty products such as infant nutrition and wellness foods.
With 7 factories and circa 650 employees, Centrale del Latte d’Italia Group produces and sells more than 120 products, ranging from milk and milk products to yogurt and drinks of plant origin and dairy distributed by traditional shops and large retail chains in the pertinent areas under several brands names TappoRosso, Polenghi, Mukki, Tigullio, Vicenza, Giglio, Salerno, Matese, Ala, Torre in Pietra, Optimus, Fior di Salento.

FOR MORE INFORMATION

Investors
Fabio Fazzari
CLI Investor Relator
Mob. +393346801664
Email fabio.fazzari@newlat.com

Press
Alice Brambilla
Barabino & Partners
Tel +39 02 72023535
Cell +39 3282668196
Email a.brambilla@barabino.it

Virginia Bertè
Barabino & Partners
Tel +39 02 72023535
Cell +39 342 9787585
Email v.berte@barabino.it