A strong set of Q2 23 results with booming agflation and strong margins
In Q2 23, sales were up 8.6% organic like in Q1 23 thanks to the growth in the BU distribution, which was up by c. 11.5% organically while the shipping division sales were down by -11.5% due to lower volumes transported. The Adjusted EBITDA in Q2 23 was EUR33m (vs EUR29.4m expected) strongly sustained by booming results of the distribution BU with EBITDA of EUR23.1m, mirroring a 5.9% margin at the highest level of the last 5 ....
