Group - Sales performance
Group - Key financial figures
Group - Principal balance sheet figures
Group - Key performance indicators
Group - Workforce
Parent Company - Sales performance
Parent Company - Key Financial Figures
Parent Company - Principal balance sheet figures
Parent Company - Key performance indicators
Parent Company - Workforce
Group - Sales performance
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Group - Key financial figures
| (in millions of Euros) | 2009 IFRS/EU |
2010 IFRS/EU |
2011 IFRS/EU |
2012 IFRS/EU |
2013 IFRS/EU |
2014 IFRS/EU |
2015 IFRS/EU |
2016 IFRS/EU |
2017 IFRS/EU |
2018 IFRS/EU |
2019 IFRS/EU |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | 445.9 | 443.5 | 484.3 | 578.9 | 604.4 | 631.4 | 748.3 | 653.1 | 669.1 | 687.9 | 717.6 |
| 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | |
| Production value | 451.5 | 443.9 | 527.2 | 600.3 | 613.1 | 642.1 | 740.5 | 659.5 | 701.0 | 692.5 | 741.4 |
| 101.3% | 100.1% | 108.9% | 103.7% | 101.4% | 101.7% | 99.0% | 101.0% | 104.8% | 100.7% | 103.3% | |
| Value added | 93.5 | 74.3 | 67.9 | 77.2 | 83.2 | 103.8 | 131.4 | 107.8 | 113.4 | 106.2 | 113.4 |
| 21.0% | 16.8% | 14.0% | 13.3% | 13.8% | 16.4% | 17.6% | 16.5% | 16.9% | 15.4% | 15.8% | |
| Labour costs | -35.3 | -34.9 | -36.9 | -40.6 | -39.8 | -43.9 | -53.8 | -51.5 | -53.3 | -53.4 | -57.4 |
| -7.9% | -7.9% | -7.6% | -7.0% | -6.6% | -7.0% | -7.2% | -7.9% | -8.0% | -7.8% | -8.0% | |
| EBITDA | 58.2 | 39.4 | 31.0 | 36.6 | 43.4 | 59.9 | 77.6 | 56.3 | 60.1 | 52.8 | 56.0 |
| 13.1% | 8.9% | 6.4% | 6.3% | 7.2% | 9.5% | 10.4% | 8.6% | 9.0% | 7.7% | 7.8% | |
| Amortisation, depreciation and provision | -18.2 | -12.0 | -12.7 | -11.1 | -12.1 | -11.8 | -16.6 | -16.4 | -18.5 | -18.1 | -21.4 |
| EBIT | 40.0 | 27.4 | 18.3 | 25.5 | 31.3 | 48.1 | 61.0 | 39.9 | 41.6 | 34.7 | 34.5 |
| 9.0% | 6.2% | 3.8% | 4.4% | 5.2% | 7.6% | 8.2% | 6.1% | 6.2% | 5.0% | 4.8% | |
| Financial income and expenses, net |
-5.6 | -5.5 | -3.9 | -5.2 | -2.2 | -3.9 | -0.0 | 6.2 | -1.7 | 1.6 | -6.8 |
| -1.3% | -1.2% | -0.8% | -0.9% | -0.4% | -0.6% | -0.0% | 0.9% | -0.3% | 0.2% | -0.9% | |
| Profit (loss) from operation activities | 34.4 | 21.9 | 14.4 | 20.3 | 29.1 | 44.2 | 61.0 | 46.1 | 39.9 | 36.3 | 27.7 |
| Gain on discontinued operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 34.4 | 21.9 | 14.4 | 20.3 | 29.1 | 44.2 | 61.0 | 46.1 | 39.9 | 36.3 | 27.7 |
| 7.7% | 4.9% | 3.0% | 3.5% | 4.8% | 7.0% | 8.2% | 7.1% | 6.0% | 5.3% | 3.9% | |
| profit (loss) for the period | 19.8 | 13.8 | 8.6 | 12.6 | 21.2 | 29.9 | 44.8 | 33.7 | 30.4 | 27.3 | 19.9 |
| 4.4% | 3.1% | 1.8% | 2.2% | 3.5% | 4.7% | 6.0% | 5.2% | 4.5% | 4.0% | 2.8% | |
| of wich minority interest | 4.3 | 2.9 | 4.5 | 4.8 | 5.7 | 5.0 | |||||
| 2004 figures consolidate Sanafrutta S.p.A. and its subsidiaries Confruit S.p.A. succesively merged into the parent Company and Eugea Mediterranea S.p.A.
The balance sheet on 31/12/2014 consolidate, in the income statement, the results from 19 November to 31 December 2014 of the newly acquired Pa.Fi.Al. Group. For the 12 months of 2015 the data consolidated the results of the Pa.Fi.Al. Group Minorities: until 2014 full consolidation of LDH (La Doria) Ltd with allocation of the share of profit to minorities; from 2015, for the accounting treatment of the put/call options of the minorities, full consolidation with 100% allocation of profits to the Group. |
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Group - Principal balance sheet figures
| (in millions of Euros) | 2009 IFRS/EU |
2010 IFRS/EU |
2011 IFRS/EU |
2012 IFRS/EU |
2013 IFRS/EU |
2014 IFRS/EU |
2015 IFRS/EU |
2016 IFRS/EU |
2017 IFRS/EU |
2018 IFRS/EU |
2019 IFRS/EU |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non current assets | 104.7 | 99.4 | 112.5 | 115.1 | 114.8 | 179.6 | 177.6 | 173.3 | 174.0 | 203.5 | 246.1 |
| working capital | 141.8 | 141.9 | 157.0 | 165.5 | 179.1 | 189.2 | 191.5 | 178.7 | 185.4 | 184.2 | 188.5 |
| % on sales | 31.8% | 32.0% | 32.4% | 28.6% | 29.6% | 30.0% | 25.6% | 27.4% | 27.7% | 26.8% | 26.3% |
| of which stock | 146.2 | 139.1 | 176.4 | 188.1 | 194.1 | 212.9 | 199.8 | 187.0 | 209.5 | 204.4 | 219.1 |
| % on sales | 32.8% | 31.4% | 36.4% | 32.5% | 32.1% | 33.7% | 26.7% | 28.6% | 31.3% | 29.7% | 30.5% |
| capital invested | 246.5 | 241.3 | 269.5 | 280.6 | 293.9 | 368.8 | 369.1 | 352.0 | 359.4 | 387.7 | 434.6 |
| non current liabilities | -26.5 | -23.2 | -23.4 | -26.7 | -32.1 | -42.6 | -40.6 | -38.3 | -34.3 | -34.1 | -32.2 |
| Net capital invested | 220.0 | 218.1 | 246.1 | 253.9 | 261.8 | 326.1 | 328.4 | 313.6 | 325.1 | 353.6 | 402.4 |
| % on sales | 49.3% | 49.2% | 50.8% | 43.9% | 43.3% | 51.6% | 43.9% | 48.0% | 48.6% | 51.4% | 56.1% |
| - equity | 111.3 | 121.4 | 123.7 | 135.9 | 153.3 | 187.9 | 198.4 | 208.8 | 227.0 | 241.4 | 253.6 |
| - net cash position | -108.7 | -96.7 | -122.4 | -118.0 | -108.5 | -138.2 | -130.0 | -104.8 | -98.1 | -112.2 | -148.8 |
| 2004 figures consolidate Sanafrutta S.p.A. and its subsidiaries Confruit S.p.A. succesively merged into the parent Company and Eugea Mediterranea S.p.A. | |||||||||||
Group - Key performance indicators
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA margin % | 13.1% | 8.9% | 6.4% | 6.3% | 7.2% | 9.5% | 10.4% | 8.6% | 9.0% | 7.7% | 7.8% |
| EBIT margin % | 9.0% | 6.2% | 3.8% | 4.4% | 5.2% | 7.6% | 8.1% | 6.1% | 6.2% | 5.0% | 4.8% |
| ROI | 18.2% | 12.6% | 7.4% | 10.0% | 11.9% | 14.7% | 18.6% | 12.7% | 12.8% | 9.8% | 8.6% |
| ROE | 17.8% | 11.4% | 7.0% | 9.3% | 13.8% | 15.9% | 22.6% | 16.1% | 13.4% | 11.3% | 7.8% |
| GEARING (debt / equity) |
97.7% | 79.6% | 99.0% | 87.0% | 71.0% | 73.0% | 65.0% | 50.0% | 43.2% | 46.5% | 58.7% |
| Debt/EBITDA | 1.9 | 2.5 | 3.9 | 3.2 | 2.5 | 2.3 | 1.7 | 1.9 | 1.6 | 2.1 | 2.7 |
Group - Workforce
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Permanent employees | 419 | 394 | 415 | 453 | 485 | 752 | 755 | 750 | 746 | 754 | 794 | ||
| Seasonal employees (on average monthly basis) |
400 | 428 | 427 | 480 | 348 | 376 | 332 | 341 | 367 | 330 | 366 | ||
| For the tomato campaigns, the Group employees about 1,000 seasonal workers. | |||||||||||||
Parent Company - Sales performance
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Parent Company - Key Financial Figures
| (in millions of Euros) | 2009 IFRS/EU |
2010 IFRS/EU |
2011 IFRS/EU |
2012 IFRS/EU |
2013 IFRS/EU |
2014 IFRS/EU |
2015 IFRS/EU |
2016 IFRS/EU |
2017 IFRS/EU |
2018 IFRS/EU |
2019 IFRS/EU |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | 259.8 | 259.2 | 260.2 | 297.2 | 327.4 | 345.4 | 451.6 | 409.3 | 418.3 | 426.4 | 439.3 |
| 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | |
| Production value | 272.1 | 277.4 | 284.8 | 313.2 | 327.0 | 365.0 | 453.8 | 411.0 | 439.0 | 431.2 | 457.0 |
| 104.7% | 107.0% | 109.5% | 105.4% | 99.9% | 105.7% | 100.5% | 100.4% | 104.9% | 101.1% | 104.0% | |
| Value added | 67.1 | 50.8 | 42.2 | 52.9 | 58.0 | 75.6 | 103.5 | 82.3 | 92.0 | 83.5 | 91.1 |
| 25.8% | 19.6% | 16.2% | 17.8% | 17.7% | 21.9% | 22.9% | 20.1% | 22.0% | 19.6% | 20.7% | |
| Labour costs | -25.7 | -26.5 | -28.1 | -31.2 | -30.5 | -32.3 | -43.2 | -42.4 | -44.6 | -44.5 | -48.2 |
| -9.9% | -10.2% | -10.8% | -10.5% | -9.3% | -9.4% | -9.6% | -10.4% | -10.7% | -10.4% | -11.0% | |
| EBITDA | 41.4 | 24.3 | 14.1 | 21.7 | 27.5 | 43.3 | 60.3 | 39.9 | 47.4 | 39.0 | 42.9 |
| 15.9% | 9.4% | 5.4% | 7.3% | 8.4% | 12.5% | 13.4% | 9.7% | 11.3% | 9.1% | 9.8% | |
| Amortisation, depreciation and provisions | -15.7 | -9.9 | -10.9 | -9.7 | -10.8 | -10.2 | -15.0 | -17.9 | -17.5 | -17.0 | -18.2 |
| EBIT | 25.7 | 14.4 | 3.2 | 12.0 | 16.7 | 33.1 | 45.3 | 22.0 | 29.9 | 22.0 | 24.7 |
| 9.9% | 5.6% | 1.2% | 4.0% | 5.1% | 9.6% | 10.0% | 5.4% | 7.1% | 5.2% | 5.6% | |
| Financial income and expenses, net | -1.5 | 0.6 | -0.3 | -1.6 | -0.2 | -0.1 | 2.5 | 3.0 | 1.4 | 2.8 | -0.6 |
| -0.6% | 0.2% | -0.1% | -0.5% | -0.1% | 0.0% | 0.6% | 0.7% | 0.3% | 0.7% | -0.1% | |
| Profit (loss) from operating activities | 24.2 | 15.0 | 2.9 | 10.4 | 16.5 | 33.0 | 47.8 | 25.0 | 31.3 | 24.8 | 24.1 |
| Profit before tax | 24.2 | 15.0 | 2.9 | 10.4 | 16.5 | 33.0 | 47.8 | 25.0 | 31.3 | 24.8 | 24.1 |
| 9.3% | 5.8% | 1.1% | 3.5% | 5.0% | 9.6% | 10.6% | 6.1% | 7.5% | 5.8% | 5.5% | |
| profit (loss) for the period | 13.1 | 9.4 | 0.5 | 6.2 | 12.2 | 21.8 | 35.2 | 16.1 | 24.0 | 18.5 | 18.6 |
| 5.0% | 3.6% | 0.2% | 2.1% | 3.7% | 6.3% | 7.8% | 3.9% | 5.7% | 4.3% | 4.2% | |
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Effective as of January 1, 2006, Sanafrutta S.p.A. and Confruit S.p.A. were merged by incorporation into La Doria S.p.A. Effective as of January 1, 2007, Pomagro S.r.L. was merged by incorporation into La Doria S.p.A. S.r.l. Effective as of January 1, 2016, Pa.Fi.Al. Group was merged by incorporation into La Doria S.p.A. For a like-for-like comparison, the 2016 results are compared with the 2015 unified results of La Doria S.p.A. and Pa.Fi.Al. Group, merged by incorporation into the parent company. |
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Parent Company - Principal balance sheet figures
| (in millions of Euros) | 2009 IFRS/EU |
2010 IFRS/EU |
2011 IFRS/EU |
2012 IFRS/EU |
2013 IFRS/EU |
2014 IFRS/EU |
2015 IFRS/EU |
2016 IFRS/EU |
2017 IFRS/EU |
2018 IFRS/EU |
2019 IFRS/EU |
|---|---|---|---|---|---|---|---|---|---|---|---|
| non current assets | 98.0 | 94.2 | 107.9 | 111.9 | 112.2 | 181.9 | 176.8 | 163.3 | 164.4 | 182.0 | 189.5 |
| working capital | 112.1 | 104.5 | 116.6 | 119.7 | 133.4 | 131.4 | 153.8 | 141.7 | 133.1 | 133.0 | 137.0 |
| % on sales | 43.1% | 40.3% | 44.8% | 40.3% | 40.7% | 38.0% | 34.1% | 34.6% | 31.8% | 31.2% | 31.2% |
| of which stock | 102.6 | 108.4 | 129.8 | 134.2 | 133.0 | 138.5 | 150.1 | 140.7 | 154.6 | 148.7 | 153.4 |
| % on sales | 39.5% | 41.8% | 49.9% | 45.2% | 40.6% | 40.1% | 33.2% | 34.4% | 37.0% | 34.9% | 34.9% |
| capital invested | 210.1 | 198.7 | 224.5 | 231.6 | 245.6 | 313.3 | 330.6 | 305.0 | 297.5 | 315.0 | 326.5 |
| Non current liabilities | -22.9 | -20.3 | -21.2 | -24.7 | -30.3 | -30.1 | -39.0 | -36.8 | -32.8 | -32.6 | -30.7 |
| net capital invested | 187.2 | 178.4 | 203.3 | 206.9 | 215.3 | 283.2 | 291.6 | 268.2 | 264.7 | 282.4 | 295.8 |
| % on sales | 72.1% | 68.8% | 78.1% | 69.6% | 65.8% | 82.0% | 64.6% | 65.5% | 63.3% | 66.2% | 67.3% |
| - equity | 85.7 | 92.5 | 89.6 | 94.7 | 108.4 | 133.7 | 166.0 | 165.5 | 184.6 | 195.1 | 207.2 |
| - net cash position | -101.5 | -85.9 | -113.7 | -112.2 | -106.9 | -149.5 | -125.6 | -102.7 | -80.1 | -87.3 | -88.6 |
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Effective as of January 1, 2006, Sanafrutta S.p.A. and Confruit S.p.A. were merged by incorporation into La Doria S.p.A. Effective as of January 1, 2007, Pomagro S.r.L. was merged by incorporation into La Doria S.p.A. Effective as of January 1, 2016, Pa.Fi.Al. Group was merged by incorporation into La Doria S.p.A. |
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Parent Company - Key performance indicators
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA margin % | 15.9% | 9.4% | 5.4% | 7.3% | 8.4% | 12.5% | 13.4% | 9.8% | 11.3% | 9.1% | 9.8% |
| EBIT margin % | 9.9% | 5.6% | 1.2% | 4.1% | 5.1% | 9.6% | 10.0% | 5.4% | 7.1% | 5.2% | 5.6% |
| ROI | 13.7% | 8.1% | 1.6% | 5.8% | 7.8% | 11.7% | 15.5% | 8.2% | 11.3% | 7.8% | 8.4% |
| ROE | 15.3% | 10.2% | 0.6% | 6.5% | 11.3% | 16.3% | 21.2% | 9.7% | 13.0% | 9.5% | 9.0% |
| GEARING (debts /equity) |
118.4% | 92.9% | 126.9% | 118.5% | 98.6% | 111.8% | 75.7% | 62.1% | 43.4% | 44.7% | 42.8% |
Parent Company - Workforce
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Permanent employees | 328 | 315 | 328 | 365 | 394 | 457 | 662 | 646 | 650 | 659 | 700 | ||
| Seasonal employees (on average monthly basis) |
302 | 302 | 336 | 364 | 284 | 284 | 320 | 277 | 300 | 264 | 289 | ||
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For the tomato campaigns, the Group employees about 1,000 seasonal workers.
For a like-for-like comparison, the 2016 balance sheet is compared with the 2015 unified figures of La Doria S.p.A. and the companies Delfino S.p.A. and Althea S.p.A., merged by incorporation into the parent company with effect from January 1, 2016. |
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