Vending

Selecta Group boosts Q3 2022 sales

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November 7, 2022

Selecta Group, the Switzerland-based route service provider of convenience services, lifted its Q3 2022 sales, driven by recovery in both the private and public customer segments, according to a press release.

Group sales of €297 million ($296.68 million) increased by 13.9% versus last year driven by recovery continuing in both the private and public sectors.

Sales per machine per day reached €10.8 ($10.79), driven by private recovering and solid public performance, with a new record high of €29.8 ($29.77) supported by organic growth.

Tight cost management and structural productivity gains led to a 7.7% increase in adjusted earnings before interest, taxes, depreciation and amortization to €56.5 million ($56.6 million) versus last year, while adjusted EBITDA margin was 19%.

The company reported liquidity of €138.6 million ($138.6 million) due to daily cash discipline and improvement actions.

"Our focus on keeping cost low and delivering tailored solutions to meet our client needs has continued to deliver positive results in Q3," Christian Schmitz, Selecta Group CEO, said in the press release.