Centrale del Latte d'Italia S.p.A. approves the interim report as at September 2023

• Revenues: € 250.8 million vs. € 223.3 million at 30.09.2022 (+12.3%).
• EBITDA: € 24 million vs. € 17.9 million at 30.09.2022 (+33.9%).
• EBIT: € 11.8 million vs. € 4.3 million at 30.09.2022 (+177%).
• Net profit: € 6.3 million vs. € 2.2 million at 30.09.2022 (+184%).
• Significant improvement in the net financial debt which was equal to € -40.4 million, an improvement of 31.1%, compared to € -58.7 million at 31 December 2022.

Turin, 14 November 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 under the chairmanship of Angelo Mastrolia, approved the results as at 30 September 2023.

The Company recorded revenues of € 250.8 million in the first three quarters of 2023, compared to € 223.3 million in the same period of 2022, with an increase of 12.3% thanks to the ability to acquire new customers in the Dairy sector and a commercial policy aimed at increasing prices to counteract the inflationary effects that are still characterizing the country's economy as at today.

EBITDA as at 30 September 2023 amounted to € 24 million, compared to € 17.9 million as at 30 September 2022, with an increase of 33.9%. The EBITDA margin of 9.6% marks an increase compared to the EBITDA margin of 8%, reported in the third quarter of 2022.

EBIT as at 30 September 2023 was equal to € 11.8 million, compared to € 3.1 million recorded in the same period of the previous year.

EBT was € 8.8 million, compared to € 3.1 million in the third quarter of last year.

Net profit was equal to € 6.3 million, a clear increase of 184% compared to 30 September 2022, which amounted to € 2.2 million.

There was a significant improvement in the net financial debt which was equal to € -40.4 million, a clear improvement of 31.1%, compared to € -58.7 million at 31 December 2022.

Press relaese:
https://centralelatteitalia.com/wp-content/uploads/2023/11/Press-Release-Approval-of-9M-2023.pdf

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