Deoleo has ended the first semester of 2016 with sales of €338.9 million, a figure that's 17.4% lower than achieved in the same period last year.
As reported on financialfood.es, this makes sense, as the company is focusing on more profitable sales.
Despite the lower net sales, Deoleo reached a higher EBITDA in the first half of 2016, with a total of €24 million, which represent an increase of 5.4% compared to 2015's figures.
The second trimester of the year was particularly positive for the company's EBITDA, as it ended up being 43% superior compared to the same quarter in 2015.
June's EBITDA in 2016 was 51% higher than the same month the previous year.
This way, Deoleo's EBITDA/sales ratio grew by 1.5% and the company's net margin (Euro per litre), grew by 36.4%.
The remarkable improvement in the margin, is an indicator of an EBITDA that will continue to rise in the upcoming months.
During June 2016, the company's net margin grew by 50%, while volume sales decreased by 26%.
To reach these results, the company eliminated over 800 references, and promotional actions that were not profitable, and decided to focus on more profitable ones.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Gabriela Guédez. To subscribe to ESM: The European Supermarket Magazine, click here.