CENTRALE DEL LATTE D’ITALIA S.P.A. APPROVES THE INTERIM REPORT AS AT 30 SEPTEMBER 2021

  • Revenues: € 207.6 million (+53.4% vs. €135.3 million at 30.09.2020)
  • EBITDA: € 19.9 million (-46,1% vs. € 13,6 million at 30.09.2020)
  • EBIT: € 8 million (-35.1% vs. € 5.9 thousand at 30.09.2020)
  • Net profit: € 8.9 million (+174.1% vs. € 3.2 million at 30.09.2020)

Turin, 12 November 2021 – 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, listed on the STAR segment of the Italian Stock Exchange – which met today, under the chairmanship of Angelo Mastrolia, approved the results as at 30 September 2021.

The Company recorded revenues of € 207.6 million in the third quarter of 2021, compared to € 135.3 million in the same period of 2020, thanks to the contribution of the milk & dairy business unit, leased from the parent company Newlat Food S.p.A.

EBITDA as at 30 September 2021 amounted to € 19.9 million, compared to € 13.6 million as at 30 September 2020, thanks to the contribution of the milk & dairy business unit, leased from the parent company Newlat Food S.p.A. The 9.6% EBITDA margin is slightly down, compared to 9.8% EBITDA margin, reported in the third quarter of 2020.

EBIT as at 30 September 2021 is equal to € 8 million, compared to € 5.9 million recorded in the same period of the previous year, thanks to the contribution of the milk & dairy business unit, leased from the parent company Newlat Food S.p.A.

CLI recorded, as a pre-tax result, € 6.5 million, compared to € 4.7 million in the third quarter of last year.

Net profit is equal to € 8.9 million, a net increase compared to 30 September 2020, the pro-forma figure of which was equal to € 6.5 million. This result is influenced by the release of deferred taxes equal to € 5.1 million, relating to the clearance of misalignments deriving from the merger operation, as envisages by Italian Decree Law n. 104/2020 (so-called “August Decree”).

There was a significant improvement in the net financial position which, before the application of the IFRS16 accounting standard, was equal to € -48.5 million, down by 16.2%, compared to € -57.9 million at 31 December 2020.

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 successful industrial Group, leader in the agri-food sector, present in 60 countries with dairy products, pasta and bakery, gluten-free products and baby food.

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 FURTHER INFORMATION:

Investors

Fabio Fazzari
CLI Investor Relator
fabio.fazzari@newlat.com
Cell.: +393346801664

Roberto Stasio
Barabino & Partners
Tel +39 010/2725048
Cell +39 3355332483
Email r.stasio@barabino.it

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