Q4 sales rose by +23% yoy thanks to strong foreign yogurt growth (+41%). But a combination of elevated raw material & payroll costs, along with lower yogurt prices in Greece, resulted in EBITDA and net losses of E1.4m and E1.8m, respectively. DPS at E0.40 on a 38% payout. Kri-Kri exceeded its FY sales guidance (E256m vs…
Q4 sales/EBITDA/net grew by +13%/+11%/+22% yoy on ADV of E169m (+25% yoy) but higher costs (+15% yoy, third party consulting fees) made sure EBITDA came in -7% below our estimates. DPS at E0.29 reflects a 100% payout and a 5.6% yield. The above is old news. 2025 has started off remarkably well with Q1 ADV…
FY 2024 retail sales and EBITDA OPR** came in at E530m and E42m vs guidance for E550m and E41m respectively. Management said it lost E15m in sales due to the Cyber-attack in Q4. DPS at E0.15 is +25% higher yoy with payout at 40% (from 33%). the dividend payment of E6.3m, additional buy-back of c….
MOH reported Q4 clean EBITDA of E174m, down 49% yoy, and -19% below our estimates. Volume at 3.2m tn, broadly in line, given the refinery operated below capacity following the fire incident. We expected a stronger refining margin than $9/bbl. FCFE at half our forecast, with net debt ending the year at E1.7bn. Total DPS…
PPA reported strong, volume-driven results in Q4 with significant growth in TEU, cruise, and storage metrics. Revenues/EBITDA/net at E56m/E26m/E17m showed a +7% beat on EBITDA and a +40% beat on net income compared to our estimates, driven by higher PCT concession revenues and lower taxes.