Italy · Delayed Price · Currency is EUR NewPrinces Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw revenues surge 122.5% to €1.5 billion, with adjusted EBITDA up 21.3% and margin gains across segments. Retail EBITDA guidance was upgraded to €110–120 million, supported by strong integration, procurement, and new product launches.
Fiscal Year 2025
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2025 marked a transformative year with major acquisitions, nearly 20x revenue growth since IPO, and strong margin expansion. The group is fully deleveraged, maintains high cash generation, and targets further profitability and synergy gains by 2030.
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Revenue declined year-over-year due to deflation and currency effects, but profitability surged with a 20% rise in adjusted EBITDA and significant margin expansion. Strategic acquisitions and disciplined portfolio management drove strong cash flow and improved leverage.
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First-half 2025 delivered strong margin and profit growth despite lower revenues, driven by cost discipline, strategic contract exits, and robust performance in drinks and dairy. Net debt and leverage improved, and major acquisitions are on track to close as planned.
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Q1 2025 saw strong margin and cash flow gains despite lower revenues from deflationary pressures. Operational synergies from the Princes integration and procurement strategies drove EBITDA and net income higher, while net debt fell sharply. Strategic moves include a potential spirits facility acquisition and ongoing focus on high-growth drinks segments.
Fiscal Year 2024
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2024 results exceeded expectations with flat revenues despite deflation, strong EBITDA growth, and significant free cash flow. Integration of Princes drove operational synergies, improved working capital, and reduced net debt. 2025 guidance and long-term growth targets are confirmed.
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Combined nine-month revenues reached €2.03 billion, with strong volume growth offsetting lower prices. EBITDA is expected to be backloaded, with full-year guidance of €175–180 million and significant integration and synergy projects underway. UK now represents over half of group sales.
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Sales declined year-over-year due to deflation, but profitability improved with higher EBITDA margin and net income. Strong free cash flow and reduced net debt reflect effective margin-focused strategy, while the Princes acquisition is expected to drive further synergies and growth.