02.11.2022 – 14:30

Selecta Group

Selecta | Results Q3 2022

SELECTA GROUP B.V.

Q3 2022 margin protection

demonstrates the resilience of our business

CHAM, SWITZERLAND, 2 November 2022: Selecta Group, a Swiss-based Foodtech leader with a world-class distribution network in Europe, announces its results1 for the third quarter of 2022:

• Group sales2 of €297.0 million, increased by 13.9% versus last year driven by recovery continuing in private segment and strong public performance.
• Continued positive trend in sales per machine per day reaching €10.8, particularly driven by private recovering and solid public performance with new record-high of €29.8 supported by organic growth.
• Continued tight cost management whilst structural productivity gains lead to Adjusted EBITDA3 of €56.5 million, increased by 7.7% versus last year and Adjusted EBITDA3 margin of 19.0%.
• Strong liquidity4 of €138.6 million, due to daily cash discipline and improvement actions. Protecting liquidity remains a priority while execution plan in place towards improved cash generation.

Executive Chairman, Joe Plumeri, commented :

"With Selecta's uncompromising discipline, excellent client service and innovative FoodTech solutions, we continued to profitably grow our business in the third quarter despite the difficult economic situation in Europe .”

Christian Schmitz, Selecta Group CEO, added:

"Our focus on keeping cost low and delivering tailored solutions to meet our client needs has continued to deliver positive results in Q3. We continue to have strong retention and sizable new business wins t hanks to the unique value we offer our clients and consumers.”

In Q3 2022 Selecta achieved existing and new business wins across all markets and sectors. This is a testament to Selecta's consistent execution of its goal to create millions of moments of happiness every day by delivering value to our clients and their consumers.

Selecta’s client-facing team has been enhanced through the launch of a Graduate Program, offering talents new to the workforce an opportunity to learn from a team of experts, develop entrepreneurial skills, advance their careers and become part of a thriving company.

Q3 has also been marked by further actions to maintain profitability in a difficult economic environment. Selecta has executed price increases to mitigate the impact of rising raw material prices in European markets. Cost reduction measures and right-sizing initiatives were enacted to optimize efficiency across the Group while maintaining Selecta’s focus on client service.

Selecta has also continued to roll out digitization of its machine park, especially with the implementation of telemetry across the machine park. This supports planning & operations and drives best in class service quality & productivity.

1At actual exchange rates. There is no material difference from constant currency rates

2Sales: Revenue after payment of vending fees

3Adjusted EBITDA: Earnings before Interest, Tax, Depreciation and Amortization and prior to one-off items (external and internal costs which are not related to the on-going business)

4Cash at Bank of €75.0 million plus €63.5 million available RCF

Cautionary Statement

We are providing this information voluntarily, and the material contained in this announcement is presented solely for information purposes and is not to be construed as providing investment advice. As such, it has no regard to the specific investment objectives, financial situation or particular needs of any recipient. No representation or warranty, either express or implied, is made as to, and no reliance should be placed on, the fairness, completeness, accuracy, correctness or reliability of the information contained herein or the assumptions upon which the information is based. It should not be regarded by recipients as a substitute for the exercise of their own judgment. Neither Selecta, nor any of its directors, officers, employees, affiliates, direct or indirect shareholders, advisors or agents accepts any liability for any direct, indirect, consequential or other loss or damage suffered by any person as a result of relying on all or any part of this announcement and any liability is expressly disclaimed.

Forward-Looking Statements

This press release includes “forward-looking statements” that involve risks, uncertainties and other factors, many of which are outside of Selecta’s control and could cause actual results to differ materially from the results discussed in the forward-looking statements. Forward-looking statements include statements concerning Selecta’s plans, objectives, goals, future events, performance or other information that is not historical information. All statements other than statements of historical fact referred to in this press release are forward-looking statements. Forward-looking statements give Selecta’s or the Group’s current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business. These statements may include, without limitation, any statements preceded by, followed by or including words such as “target,” “believe,” “expect,” “aim,” “intend,” “may,” “anticipate,” “estimate,” “plan,” “project,” “will,” “can have,” “likely,” “should,” “would,” “could” and other words and terms of similar meaning or the negative thereof. Such forward-looking statements, as well as those included in any other material, are subject to known and unknown risks, uncertainties and assumptions about Selecta, its present and future business strategies, trends in its operating industry and the environment in which it will operate in the future, future capital expenditure and acquisitions. In light of these risks, uncertainties and assumptions, the events in the forward-looking statements may not occur or Selecta’s or the Group’s actual results, performance or achievements might be materially different from the expected results, performance or achievements expressed or implied by such forward looking statements. None of Selecta, its affiliates or their respective directors, officers, employees, agents or advisers undertake to publicly update or revise forward- looking statements to reflect subsequent events or circumstances after the date made, except as required by law

Selecta Group AG

Sarina Künzli
Group Communication Leader 
Alte Steinhauserstrasse 14
6330 Cham – Switzerland
+41 78 818 31 16
 www.selecta.com

About Selecta Group

Headquartered in Switzerland since 1957, Selecta Group is a Foodtech company with a leading route based, self-service distribution network in Europe, offering innovative convenience food services and world-class quality coffee brands in the workplace and public spaces. Active in the food tech business we continuously push on new innovations and solutions, we serve premium coffee and beverages, snacks, and fresh meals to more than 10 million people in 16 countries across Europe every day. With an annual turnover of €1.2 billion, we owe our success to our ca. 7,000 highly skilled, dedicated, and passionate Selecta employees who are committed to creating millions of moments of joy for our clients and their consumers every day. Sustainability is an integral part of the way we do business, focused on the key areas in which we can make a positive difference. For more information, please visit www.selecta.com.