- Revenues: € 309 million (+9% vs. € 283.4 million at 31.12.2021).
- EBITDA: € 19.8 million.
- EBIT: € 2.7 million.
- Net profit: € 154 thousand.
- Net Financial Position: € -58.7 million.
Turin, 17 March 2023 – 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 Draft Financial Statements for the year ended 31 December 2022.
CLI closes the year 2022 with revenues of € 309 million, up 9% compared to € 283.4 million in the year 2021, thanks to the combined effect of organic growth and better conditions of sale, more favorable in terms of sale price compared to the previous year.
EBITDA was equal to € 19.7 million, in slight decline compared to € 22.1 million in 2021, however an extraordinary result considering the inflationary effects that characterized the whole of 2022.
EBIT was positive by € 2.7 million, down compared to the result recorded in previous year of € 5.1 million.
The Company closed with a profit for the year of € 154 thousand, compared to the net profit recorded in the previous year equal to € 2.3 million.
The net financial position was slightly down by approximately € 5.9 million: from € -52.7 million in 2021 to € 58.7 million at the end of 2022, mainly due to the extension of some lease contracts expiring in mid-2023 for a further 6 years. Therefore, steps were taken to extend the lease terms by re-measuring the related contracts.
The NFP / Net Equity ratio is equal to 1. The positive change was mainly affected by the good operating performance of the Company.
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