• Consolidated revenues amounted to € 672.7 million, lower selling prices offset by 6% reduction in COGS.
• Consolidated adj. EBITDA: € 54.8 million, +30.5% vs. € 42 million in the first quarter of 2024; Adj. EBITDA margin rising significantly to 8.2% vs. 6% in the first quarter of 2024, under the same consolidation perimeter.
• Consolidated EBIT stood at € 28.9 million, up 392% vs. € 5.9 million in the first quarter of 2024, under the same consolidation perimeter.
• Consolidated net profit totaled € 13.5 million, showing an extraordinary increase of €15.8 vs. € -2.3 million in the first quarter of 2024, under the same consolidation perimeter.
• Underlying Free Cash Flow equal to € 45 million. Cash conversion 84.4%1.
• Consolidated net debt at 31 March 2025 equal to € 302 million, a great improvement vs. € 346.2 million at 31 December 2024. Excluding IFRS 16, consolidated Net Debt was € 200.7 vs. € 246.2 million at 31 December 2024.
Reggio Emilia, 15 May 2025 - the Board of Directors of Newlat Food S.p.A. ("Newlat Food" or the "Company" - whose change of denomination to NewPrinces S.p.A. will be effective following the registration of the shareholders' resolution in the Company Register of Reggio Emilia, which will be communicated to the market within the terms of the law), which met under the chairmanship of Angelo Mastrolia, examined and approved the Interim Management Statement as at 31 March 2025.
The Chairman Angelo Mastrolia commented: "The first quarter of 2025 marks a key milestone in the Group's growth trajectory, as it is the first reporting period in which Princes Limited has been fully consolidated from the beginning of the year. The results achieved confirm the effectiveness of our strategic choices and the strength of our operating model, with significant improvements in margins, net profitability, and cash generation. The integration of Princes was completed in an exceptionally short timeframe, allowing us to activate tangible synergies from the outset.
This positions us to confidently accelerate our development roadmap, strengthen the Group's international presence, and create sustainable value for all stakeholders."
Download full press release:
https://www.newprinces.it/media-library/docs/ef82b773-6b86-4e38-acc6-07a40ea951a2/Press20release20-20Approval20of20the20Interim20Statement20Q1202025.pdf
• Consolidated adj. EBITDA: € 54.8 million, +30.5% vs. € 42 million in the first quarter of 2024; Adj. EBITDA margin rising significantly to 8.2% vs. 6% in the first quarter of 2024, under the same consolidation perimeter.
• Consolidated EBIT stood at € 28.9 million, up 392% vs. € 5.9 million in the first quarter of 2024, under the same consolidation perimeter.
• Consolidated net profit totaled € 13.5 million, showing an extraordinary increase of €15.8 vs. € -2.3 million in the first quarter of 2024, under the same consolidation perimeter.
• Underlying Free Cash Flow equal to € 45 million. Cash conversion 84.4%1.
• Consolidated net debt at 31 March 2025 equal to € 302 million, a great improvement vs. € 346.2 million at 31 December 2024. Excluding IFRS 16, consolidated Net Debt was € 200.7 vs. € 246.2 million at 31 December 2024.
Reggio Emilia, 15 May 2025 - the Board of Directors of Newlat Food S.p.A. ("Newlat Food" or the "Company" - whose change of denomination to NewPrinces S.p.A. will be effective following the registration of the shareholders' resolution in the Company Register of Reggio Emilia, which will be communicated to the market within the terms of the law), which met under the chairmanship of Angelo Mastrolia, examined and approved the Interim Management Statement as at 31 March 2025.
The Chairman Angelo Mastrolia commented: "The first quarter of 2025 marks a key milestone in the Group's growth trajectory, as it is the first reporting period in which Princes Limited has been fully consolidated from the beginning of the year. The results achieved confirm the effectiveness of our strategic choices and the strength of our operating model, with significant improvements in margins, net profitability, and cash generation. The integration of Princes was completed in an exceptionally short timeframe, allowing us to activate tangible synergies from the outset.
This positions us to confidently accelerate our development roadmap, strengthen the Group's international presence, and create sustainable value for all stakeholders."
Download full press release:
https://www.newprinces.it/media-library/docs/ef82b773-6b86-4e38-acc6-07a40ea951a2/Press20release20-20Approval20of20the20Interim20Statement20Q1202025.pdf
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