Vending

Selecta Group ups Q3 2023 profits against sales dip

Image: Selecta Group

November 9, 2023

Selecta Group, the Switzerland-based route service provider of convenience services throughout Europe, improved its profitability for Q3 2023 despite a sales decline, according to an earnings report.

Highlights include:

• Group sales fell 1.5% to €292.5 million ($311.94 million).
• Sales per machine per day increased 13.8% to €12.3 ($13.12)
• Profit improved from a €2.23 million ($2.38 million) loss to €149 million ($159.05 million).
• Adjusted EBITDA improved 10.7% to €62.6 million ($66.76 million).

"We continue to lead the foodtech market, consistently meeting our clients' needs with world-class brands and outstanding service," Joe Plumeri, executive chairman, said in a press release.