Italy's MARR half-year profit falls on higher costs
Italy's MARR half-year profit falls on higher costs
Overview
Italy foodservice distributor's half-year revenue rose yr/yr
EBITDA and EBIT for half-year declined due to higher transportation and logistics costs
Net income for half-year dropped sharply yr/yr
Outlook
Company says July sales rose across all segments, keeping trends in line with annual growth targets
MARR sees positive outlook for tourism in Italy during 2026 summer season
Company to focus on service during summer, the most significant period for foodservice market
Result Drivers
HIGHER TRANSPORT COSTS - Co said increased transportation and logistics costs reduced operating profitability
ENERGY COSTS - Co cited rise in fuel and energy costs due to international geopolitical tensions as a factor in higher expenses
LOGISTICS REORGANISATION - Gradual implementation of operational and logistics reorganisation measures affected costs
Company press release: ID:nBIA6f7BZr
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Net Income attributable to the MARR Group |
| EUR 3.9 mln |
|
H1 EBIT |
| EUR 16.8 mln |
|
H1 EBITDA |
| EUR 39.1 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food retail & distribution peer group is "buy."
Wall Street's median 12-month price target for Marr SpA is €8.15, about 26.7% above its August 3 closing price of €6.43
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago
Reuters Recommended Reads
Aug 4 - Food distributor Sysco forecasts strong annual sales, profit on resilient demand
Aug 4 - Sysco Corp Q4 sales slightly beat estimates on volume growth
Aug 3 - Italian manufacturing growth slows in July but cost pressures ease, PMI shows
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)