Q1 2021 results were down YoY, in line with the company guidance
Newlat Food posted a decline in results in Q1 2021 YoY, in line with the company guidance (mid-single digit decrease) and mainly connected to the unfavourable comparison base (in Q1 2020, Newlat Food posted organic growth of nearly 7% YoY, boosted by the first wave of the pandemic): revenues were down by 4.6% YoY, EBITDA -1.9% YoY, EBIT -5.2% YoY while net income grew by nearly 2.4% YoY as a result of lower financial charges. Resu ....
14 May 2021
Results down, but above our expectations
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Results down, but above our expectations
Q1 2021 results were down YoY, in line with the company guidance
Newlat Food posted a decline in results in Q1 2021 YoY, in line with the company guidance (mid-single digit decrease) and mainly connected to the unfavourable comparison base (in Q1 2020, Newlat Food posted organic growth of nearly 7% YoY, boosted by the first wave of the pandemic): revenues were down by 4.6% YoY, EBITDA -1.9% YoY, EBIT -5.2% YoY while net income grew by nearly 2.4% YoY as a result of lower financial charges. Resu ....