Q3 21 shows less organic growth but Germany outgrowing
In Q3 21 WIIT had an organic sales growth of c. 4% (including MyLoc, the pro-forma organic growth would be closer to c. 10%) slightly lower than the level recorded in H1 21 (c. 11%) even if MyLoc continued to grow strongly at double digit rate. The new contract with De Cecco will enter only in 2022 so it did not contribute to 9m21 results. Group EBITDA margin remained at a high level of 42.5% (better than in H1 21 of 40.5%) with the newly a ....
15 Nov 2021
Mixed Q3 but improvement coming soon
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Mixed Q3 but improvement coming soon
Q3 21 shows less organic growth but Germany outgrowing
In Q3 21 WIIT had an organic sales growth of c. 4% (including MyLoc, the pro-forma organic growth would be closer to c. 10%) slightly lower than the level recorded in H1 21 (c. 11%) even if MyLoc continued to grow strongly at double digit rate. The new contract with De Cecco will enter only in 2022 so it did not contribute to 9m21 results. Group EBITDA margin remained at a high level of 42.5% (better than in H1 21 of 40.5%) with the newly a ....