Vending

Europe’s Selecta Group improves Q3 2021 sales

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November 10, 2021

Selecta Group, a Switzerland-based convenience services company providing route based services throughout Europe, improved sales for Q3, 2021 despite continuing COVID-19 impact, according to a press release.

Sales increased 4.1% from for the three months ending Sept. 30, 2021 to €260.8 million ($300.27 million), surpassing sales for Q2 2021 and reaching 76.3% of 2019 levels in Q3, 2021.

Sales continued to be impacted by the pandemic mostly due to work-from-home policies, although the company experienced a gradual recovery of activity throughout the summer.

The toughest conditions were seen in Denmark and Norway, while the most COVID-19 impacted countries including Italy, the U.K., Spain and France demonstrated improvement and Austria, the Netherlands and Switzerland are now close to 2019 levels.

The private channel showed some progress in sales per machine per day with the manufacturing and logistics segments showing resilience, offset by the service and administration segments which continue to be negatively impacted by work-from-home policies.

The semi-public channel showed better performance driven by the education and healthcare segments and the public channel remains the closest to pre-pandemic levels driven by the petrol and railway segments.

Adjusted EBITDA for the quarter reached €52.5 million ($60.45 million), significantly ahead of last year, driven by structural cost-savings taking hold.

"Selecta remains superbly positioned to meet the needs of the post COVID-19 world," CEO Christian Schmitz said in the press release. "Although extended work from home policies impacted the private sector over the last quarter, we continue to deliver innovative solutions to our clients that perfectly meet the needs of the new hybrid working model."

For an update on how the coronavirus pandemic is affecting convenience services, click here.