Financial Data

Financial figures for the Cremonini Group

Mln/Euro
2019
with IFRS 16
2020
with IFRS 16
2021
with IFRS 16
2022
with IFRS 16
2023
with IFRS 16
Total Revenues
2019
with IFRS 16 (Min/Euro)
4,437.0
2020
with IFRS 16 (Min/Euro)
3,408.2
2021
with IFRS 16 (Min/Euro)
4,077.1
2022
with IFRS 16 (Min/Euro)
5,132.4
2023
with IFRS 16 (Min/Euro)
5,542.1
Ebitda
2019
with IFRS 16 (Min/Euro)
377.2
2020
with IFRS 16 (Min/Euro)
246.4
2021
with IFRS 16 (Min/Euro)
315.4
2022
with IFRS 16 (Min/Euro)
391.7
2023
with IFRS 16 (Min/Euro)
479.4
Ebit
2019
with IFRS 16 (Min/Euro)
193.9
2020
with IFRS 16 (Min/Euro)
48.8
2021
with IFRS 16 (Min/Euro)
131.3
2022
with IFRS 16 (Min/Euro)
187.4
2023
with IFRS 16 (Min/Euro)
264.3
Group net profit
2019
with IFRS 16 (Min/Euro)
44.6
2020
with IFRS 16 (Min/Euro)
4.4
2021
with IFRS 16 (Min/Euro)
23.4
2022
with IFRS 16 (Min/Euro)
75.4
2023
with IFRS 16 (Min/Euro)
58.1
PFN
2019
with IFRS 16 (Min/Euro)
1,095.6
2020
with IFRS 16 (Min/Euro)
1,192.9
2021
with IFRS 16 (Min/Euro)
1,228.1
2022
with IFRS 16 (Min/Euro)
1,487.1
2023
with IFRS 16 (Min/Euro)
1,554.9
Investments
2019
with IFRS 16 (Min/Euro)
178.4
2020
with IFRS 16 (Min/Euro)
141.0
2021
with IFRS 16 (Min/Euro)
167.8
2022
with IFRS 16 (Min/Euro)
365.0
2023
with IFRS 16 (Min/Euro)
241.5
PFN / EBITDA2
2019
with IFRS 16 (Min/Euro)
2.9
2020
with IFRS 16 (Min/Euro)
4.8
2021
with IFRS 16 (Min/Euro)
3.9
2022
with IFRS 16 (Min/Euro)
3.8
2023
with IFRS 16 (Min/Euro)
3.2
PFN / EQUITY
2019
with IFRS 16 (Min/Euro)
1.13
2020
with IFRS 16 (Min/Euro)
1.26
2021
with IFRS 16 (Min/Euro)
1.22
2022
with IFRS 16 (Min/Euro)
1.61
2023
with IFRS 16 (Min/Euro)
1.73

As of January 1st, 2019, the Group adopted the new international accounting standard IFRS 16, using the modified retrospective approach, which does not require restatement of comparative data. The Group’s net financial debt (IFRS 16), 1,554.9 million Euro as of December 31st, 2023, has increased due to a Rights of Use liability equal to 421.3 million Euro.

Economic trend of the three sectors

In 2023 the Cremonini Group achieved total consolidated revenues of 5,542.1 million Euro. The gross operating margin (EBITDA) was equal to 479.3 million Euro, the operating result (EBIT) grew to 264.3 million Euro.

The production sector through the subsidiary Inalca in 2023, achieved revenues of 2,990.1 million Euro, an Ebitda of 235.6 million Euro and an Ebit of 152.5 million Euro. In the distribution sector,

In the distribution sector, MARR’s revenues stood at 2,085.5 million, EBITDA and EBIT at 122.9 million and 84.9 million, respectively.

In the catering sector, Chef Express achieved revenues of 779.8 million Euro, an Ebitda of 123.0 million Euro and a positive Ebit equal to 32.0 million Euro.

Revenues (MLN/€)

Covid-19

Ebitda (MLN/€)

Covid-19

Ebit (MLN/€)

Covid-19

Financial Statements and Reports

2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
Cremonini SpA – Annual Report 2023 View and download
Financial statements 2022 View and download
Financial statements 2021 View and download
Financial statements 2020 View and download
Financial statements 2019 View and download
Financial statements 2018 View and download
Financial statements 2017 View and download
Financial statements 2016 View and download
Financial statements 2015 View and download
Financial statements 2014 View and download
Financial statements 2013 View and download
Financial statements 2012 View and download
Financial statements 2011 View and download
Financial statements 2010 View and download
Financial statements 2009 View and download
Financial statements 2008 View and download
Financial statements 2007 View and download
Financial statements 2006 View and download
Financial statements 2005 View and download
Financial statements 2004 View and download
Financial statements 2003 View and download
Financial statements 2002 View and download
Financial statements 2001 View and download
Financial statements 2000 View and download
Financial statements 1999 View and download
Financial statements 1998 View and download

Cremonini in numbers

5,542.1 Mln

Euro turnover

21,500

Employees

31

Production plants around the world

58

Distribution platforms in the world

41

Distribution centres

120

Trains served per day in Europe

260

Service Areas: stations, motorways, airports

300

Restaurants in Italy

2,990.1

Million Euro Turnover

8,200

Employees

31

Production Plants in Italy and around the world

57

Distribution platforms in the world

500,000

Tons of meat marketed each year

45,000

Tons of cured meats produced each year

100,000

Tons of hamburgers produced each year

50 Mln

Snacks produced every year

160 Mln

Packages of pre-sliced cured meats per year

200 Mln

Cans of meat produced each year

12,000

Tons of bacon produced each year

2,085.5

Million Euro Turnover

50

Years of activity

4,000

Employees

55,000

Customers

25,000

Products distributed

8,000

Non-food products distributed

41

Distribution centres in Italy

7

Cash & Carry

950

Sales Technicians

950

Vehicles

24

Maximum hours required to serve customers

154 Mln

Euro of fish purchased yearly by MARR worldwide.

400

Varieties of fish distributed to foodservice

90,000

Kilometres travelled by each vehicle for catering distribution

779.8

Million Euro Turnover

9.300

Employees

120

Trains served in Europe

260

Service Areas: stations, motorways, airports

54

Railway stations

57

Motorway rest areas

15

Airports

300

Restaurants in Italy

60 Mln

Customers served in one year

45 Mln

Coffees served per year

2 Mln

Roadhouse Fidelity Card 

Documents

Company profile Gruppo Cremonini_2023_ENG__1 View and download