Selecta Q3 Report 2023

Price increase on track, 9M landed c.7%, leading to
Gross margin recovery of +0.7pp quarter on quarter

Selecta Group, a Swiss-based Foodtech leader with a world-class distrbibution network in Europe, announces its results for the third quarter of 2023:

● Strong Adjusted EBITDA2 of €62.6 million, 10.7% increase versus last year and Adjusted EBITDA margin of 21.4%, 2.4pp increase versus last year mainly driven by profitability enhancement projects
● Reported EBITDA of €54.3 million, 34.8% increase versus last year and Reported EBITDA margin of 18.5%, 5.0pp increase versus last year demonstrates successful transformation
● As a result of our profitability focus and initiatives Group sales3 have slowed down to €292.5 million, -1.5% versus last year whilst our Sales per machine per day of €12.3, increased 13.8% versus last year
● Free cash Flow of €17.7 million contributed to robust Liquidity4 position of €125.9 million