OMER-DECUGIS & CIE: Omer-Decugis et Cie: new turnover record at EUR 206.3 million (+9.4%) and confirmation of the improvement in the EBITDA margin – 07/11/2023 at 6:15 p.m.

Rungis, November 7, 2023 –

Omer-Decugis & Cie

(ISIN code: FR0014003T71 – ticker: ALODC), international group, specialist in fresh and exotic fruits and vegetables, publishes its annual turnover for 2022/23 (from 1

^er

October 2022 to September 30, 2023) and from 4

^th

quarter (from 1

^er

July to September 30, 2023).

Vincent Omer-Decugis, Chairman and CEO of Omer-Decugis & Cie

comments: “

We continued a strong growth dynamic throughout the year and reached a new activity record. This performance reflects solid progress in all our market segments with consistent developments in our two areas of activity (SIIM, BRATIGNY). Furthermore, the priority given to improving operational performance over the financial year bore fruit. After a first half still penalized by the inflationary situation and the euro/dollar parity, commercial renegotiations allowed us to recover our operating margin in the second half, ending in positive territory and improving over the financial year. Our value chain integration strategy around the BAMA segment

[1]

, addressing all fresh market segments, is the driving force behind our growth and the pillar of our sustainable development model. All our indicators are green to continue our business project and achieve our 2025 ambitions.”

A thirteenth year of growth and a turnover that crosses the €200 million mark

Omer-Decugis & Cie achieved a turnover of €206.3 million for the 2022/23 financial year, an increase of 9.4%

. A thirteenth consecutive year of growth which allows the Group to cross the €200 million turnover mark for the first time. This good commercial performance is all the more satisfactory as it was achieved in a gloomy economic context which weighs on the purchasing power of consumers. Under 4

^th

quarter of the financial year,

the Group achieved a turnover of €42.0 million, up 5.1% compared to 4

^th

quarter of the previous financial year

.

THE

SIIM center

,

records over the last quarter of the 2022/23 financial year, a turnover of €30.2 million, an increase of 1.5%,

reflection of a high basis of comparison (+29.3% in 4

^th

quarter 2021/22) and declining production in Spain and the Mediterranean basin.

This performance brings the division’s annual turnover to €154.3 million, an increase of 9.4%.

. Progress which remains uniform across all product ranges, driven by the fruit ripening activity, in particular avocado, which saw a sharp increase in volume and value over the financial year. The activity of

SIIM

which relies on two important seasonal campaigns (lychee from Madagascar, mango from West Africa) and benefits from strong growth drivers in the exotic and ethnic segments in France, was marked by the consolidation of its commercial positions , in France and internationally.

THE

wholesale division carried out under the 4

^th

quarter a turnover of €11.8 million, an increase of 15.6% compared to the same quarter of the previous financial year, bringing the annual turnover to €52.0 million, a significant increase of 9 .3%

.

Bratigny

is having a solid year, demonstrating resilience in a market environment penalized by inflation weighing on the purchasing power of households and by a national seasonal production deficit.

Bratigny

was notably able to count on its banana offering as well as the continued development of its exotic and ethnic segments driven in particular by the acquisition of Anarex at the end of 2021.

Developments and prospects

As announced,

Omer-Decugis & Cie

has strengthened its operational efficiency actions during the second half of 2022/23 and confirms a clear improvement in its profitability compared to the previous financial year.

For the 2023/24 financial year,

Omer-Decugis & Cie

continues to implement its development strategy combining organic growth and external growth operations.

The installation of a new grader by maturity within the I1 logistics platform will strengthen the Group’s position on the ripe avocado market. This development will be supported by the provision of new ripening capacities for the planned opening in November of a 3rd ripening platform of nearly 3,000 m2 in the Rungis Market. Right in the heart of the market, these new facilities will serve the center directly and as a priority.

BRATIGNY

while significantly increasing the Group’s total ripening capacities.

“

With the strong growth of our ripening activities in France, it is strategic to have a modern logistics platform additional to our I1 and Sorgues facilities. This investment allows us to benefit from an additional ripening availability of 17,000 tonnes, bringing our total capacity to 144,000 tonnes for optimal national coverage.

” underlines

Vincent Omer-Decugis, Chairman and CEO of Omer-Decugis & Cie

.

Finally, the acquisition of Champaris France, a wholesaler of seasonal fruits and vegetables, will drive the development of

Bratigny

which now has 24 doors in a central position and in one piece in one of the main pavilions dedicated to fresh fruit and vegetables, strengthening its position on the Paris-Rungis International Market.

Omer-Decugis & Cie thus reaffirms its medium-term growth ambitions and confirms its development plan which targets a consolidated turnover of €230 million and an EBITDA margin greater than 5% by 2025.

Calendar of upcoming financial publications (after stock market):

• Annual results 2022/23 and turnover for the 1st quarter 2023/24, January 24, 2024

• General meeting financial year ending September 30, 2023, March 7, 2024

• Revenue for the first half of 2023/24, May 13, 2024

• Half-year results 2023/24 and turnover for the 3rd quarter 2023/24, July 17, 2024

• Annual turnover 2023/24, November 5, 2024

Find all the information on

: www.omerdecugis.com

About Omer-Decugis & Cie

Omer-Decugis & Cie

is a family group founded in 1850 specializing in fresh fruits and vegetables, particularly exotic ones, for European consumers. Mastering the entire value chain from production and import as well as specific know-how in ripening, the Group ensures the marketing of its fruits originating mainly from Latin America, Africa and Europe in all distribution networks (large and medium-sized stores, out-of-home catering, specialized distribution and fresh cuts). Committed to sustainable agriculture, respectful of territories and people, the Group obtained a rating of 83/100 during the EthiFinance ESG Ratings 2022 campaign, highlighting the maturity of the Group’s ESG approach. Established on the Rungis Market, Omer-Decugis & Cie achieved a turnover of €206.3 million as of September 30, 2023, representing more than 150,000 tonnes of fresh fruit and vegetables distributed.

Contacts

[1]

Bananas, Pineapples, Mangoes & Avocados

© Copyright Actusnews Wire

Receive future company press releases free of charge by email by subscribing to www.actusnews.com