Newlat Food has approved its 2024 financial statements, recording a record turnover of 2,8 billion euros and a consolidated net profit of 142,3 million euros, up 5,3%. Combined consolidated EBIT reached 194,5 million euros, an improvement of 10,1% compared to the previous year.
The company generated free cash flow of €225 million, leading to a reduction in net financial position of €90 million, now at -346 million. The acquisition of the Princes Group strengthened the operating and financial structure, contributing to a normalized EBITDA of €177,6 million, with a margin of 6,4%.
The beverage sector recorded a 5% increase thanks to the growth of the Capri Sun brand, while the seafood segment saw a 9% increase, driven by demand for canned and frozen tuna. The United Kingdom remains the main market with 53,6% of revenues, followed by Italy (15,9%) and Germany (7%).
For 2025, Newlat expects a reduction in financial charges of approximately 15 million euros and a consolidation of synergies with Princes. “These results demonstrate the solidity of our group and the ability to generate value in a challenging context,” commented Chairman Angelo Mastrolia.
