Italy · Delayed Price · Currency is EUR Orsero Earnings Call Transcripts
Fiscal Year 2026
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Sales rose 1.8% to EUR 860.5 million, but adjusted EBITDA and net profit declined due to higher costs and weak staple goods. Guidance for sales and profit is reaffirmed, with CapEx and net financial position updated to reflect U.S. expansion and the lychee campaign.
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Q1 2026 saw 2.5% revenue growth to EUR 389 million, with stable profitability and improved net debt. Distribution outperformed, offsetting shipping margin pressure, while new strategic hubs and contracts support future growth.
Fiscal Year 2025
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Full-year 2025 saw robust revenue and profit growth, driven by distribution and high-value categories, with strong cash flow and prudent risk management. Guidance for 2026 remains confident despite geopolitical uncertainties, with hedging policies limiting exposure to inflation and currency risks.
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Net revenue rose 10.5% year-over-year, with both higher prices and volumes driving growth, especially in distribution and high-value fruit categories. Adjusted EBITDA and net profit saw double-digit increases, and guidance remains at the upper end, with further expansion and investment planned.
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Strong H1 2024 results featured double-digit revenue and profit growth, driven by robust distribution and premium product performance. Upgraded guidance reflects confidence, though H2 is expected to be less strong due to tough prior-year comparisons and prudent forecasting.
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Q1 saw revenue rise 12.6% and adjusted EBITDA up 28%, driven by strong distribution and product mix. Net profit and margins improved, with guidance for 2025 confirmed despite ongoing market uncertainties and FX risks.
Fiscal Year 2024
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2024 saw revenue and profit growth, driven by high-margin products and strong distribution, while shipping normalized. Net financial position improved, and a €0.50 dividend is proposed. 2025 guidance is cautious due to market volatility and non-recurring 2024 gains.
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Strong nine-month results driven by distribution, with a 5.8% EBITDA margin and stable revenues despite weak market consumption. Major investments in Spain and Italy support growth in exotics and berries, while shipping and working capital remain stable.
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H1 2024 saw a 2.5% revenue decline and a 30% drop in adjusted EBITDA, mainly from shipping and banana normalization, but distribution remained resilient and above market average. Strategic exits and strong cash flow support ongoing M&A and growth plans.