MARR: fifteen successful years of listing on the Electronic Stock Exchange of Borsa Italiana

Rimini, 22 June 2020 – MARR (Milan: MARR.MI), is today celebrating the start of the sixteenth year of its listing on the Stock Exchange (STAR Segment) in June 2005.

The Company has reached many qualitative and quantitative milestones during these years, and the drive to continue to strengthen and enhance its leadership of supplies to the out-of-home food consumption industry is unabated.

The Client, which is at the centre of attention and of the Company’s projects, has always steered MARR’s operating, logistical and sales choices. This stance has enabled the achievement of significant objectives, with the full appreciation by the Shareholders and Investors of the equity story and consequent results.

In the last 15 years, MARR has continued its growth in a linear and continuous manner, both through organic growth and constant and focused M&A activities, thereby doubling its market share.

The positive trend in MARR’s operating performance since being listed has been reflected in the share performance, which has increased from 6.60 Euros of the IPO to about 20 Euros at the end of 2019, with a total effective return enhanced by significant dividends (about 4% annual dividend yield) in a market (FTSE MIB) which has recorded a decrease of 27% over the same period.

As highlighted by the Chief Executive Officer, Francesco Ospitali, and the Chairman, Ugo Ravanelli, who was the CEO of the Company when it was listed on the stock exchange, the results of the last 15 years have been achieved through constant commitment and determination from the entire organization, men and women, of the Company. This is a resource that, through its skills and specialisation, is able to ensure continuity in terms of performance and growth.

This particular historical moment, which has seen the pandemic significantly affect the out-of-home food consumption and the tourism segments, finds MARR prepared to respond to the requirements of its reference market, as it has always done since its founding 45 years ago and as it has always shown itself capable of doing over the last 15 years.

2020 will certainly be a difficult year, with effects on the share performance, but the results that the Company has been achieving in recent weeks are comforting and confirm the gradual realignment trend already hypothesised and communicated.1

The positive results achieved in the recent past are confirmation of MARR’s ability to overcome difficulties and this anniversary is certainly a stimulus to continue to improve, also through new paradigms based on digitalisation and sustainability.