The fruit and vegetable giant Orsero closed 2023 with revenues of 1.54 billion euros, an increase of 28.8% compared to the 1.2 billion of the previous year. Net profit stood at 48.1 million, with an increase of 15.7 million (approximately +48.3%) compared to 2022. The adjusted gross operating margin (EBITDA) rose to 107.1 million (+40.8 %), «settling within the guidance range (105-110 million) ».

The board of directors proposed to the meeting called for April 29, a dividend of 0.60 euros per share, an increase of 71.4% compared to 2022. The group concluded the 2023 financial year «achieving very significant results, allowing us to achieve the financial guidance forecasts fully revised upwards during the year, thanks to the brilliant performance of the core business, which saw the distribution activity generate excellent results throughout the entire financial year and the shipping sector will move towards a gradual normalisation compared to 2022 and the first part of 2023", stated Raffaella Orsero, CEO of the group. «Net revenues, equal to 1,540.8 million euros, increased by 28.8% compared to the 1,196.3 million recorded in the 2022 financial year, with excellent growth in the Distribution BU (+33.1%), also thanks to the contribution of the French companies Blampin S.a.s. and Capexo S.a.s. (consolidated starting from January 1 2023). Net of the change in scope, the increase in "like for like" turnover was equal to 6.3%, because of the product mix, sales channels and geographies" we read in a note.

The Adjusted Ebitda, equal to 107.1 million euros, shows a net increase of 40.8%, and of 13.5% "like for like" compared to the 76.1 million of the 2022 financial year, with an Adjusted Ebitda Record margin of 7%, up 59 bps compared to fiscal 2022. «This result – explains the note – benefited primarily from an organic improvement thanks to the particularly positive conditions of the banana market compared to the historical trend and the improved product mix, as well as the often-highlighted contribution of the French acquisitions».