- Revenues: € 145.0 million (+6.6% vs. € 136.0 million at 30.06.2021)
- EBITDA: € 11.9 million (-8.2% vs. € 13.0 million at 30.06.2021)
- Net profit: € 2.3 million (-66.8% vs. € 6.8 million at 06.2021)
- Net financial debt (before IFRS 16) equal to € -39.1 million, compared to € -42.2 million at the end of 2021
Turin, 9 September 2022 – The Board of Directors of Centrale del Latte d’Italia S.p.A. (“CLI” or the “Company”) – a company listed on the Star segment of Borsa Italiana and today the third Italian player in the fresh and long-life milk market, has approved the Half-Year Financial Report as at 30 June 2022.
The Company recorded revenues of € 145.0 million in the first half of 2022, compared to € 136.0 million at 30 June 2021, an increase of 6.6%, thanks to the ability to acquire new customers in the Dairy business unit and an increase in the average selling price as a result of strong inflation that characterized the first six months of 2022.
The EBITDA of the first half stands at € 11.9 million, against € 13.0 million at 30/06/2021, with a decrease of 8.2% and EBIT at 30/06/2022 is equal to € 3.8 million, down compared to € 4.4 million as at 30/06/2021 (-13.7%).
As a result of these significant performances, the Company recorded, in the first half of 2022, an after tax net profit of € 2.3 million, against € 6.8 million at 30/06/2021, which benefited from the provisional tax effect for the release of deferred tax liabilities relating to the redemption of the misalignments resulting from the merger, as required by law decree no. 102/2020 (“August Decree”).
The net financial position of CLI improves by € 3.1 million, as it went from -€ 42.2 million at 31/12/2021 to -€ 39.1 million as at 30/06/2022, thanks to the Company’s ability to generate cash from operations.
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 MORE INFORMATION:
Investors
Fabio Fazzari
CLI Investor Relator
Mob. +393346801664
Email fabio.fazzari@newlat.com
Roberto Stasio
Barabino & Partners
Tel +39 010 2725048
Cell +39 3355332483
Email r.stasio@barabino.it
Alice Brambilla
Barabino & Partners
Tel +39 02 72023535
Cell +39 3282668196
Email a.brambilla@barabino.it