Vending

Selecta lifts Q2 total sales, vending takes a hit

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August 5, 2022

Selecta Group, Europe's leading route-based self-service retailer, lifted its net sales for Q2 2022 over the prior year period, but vending sales fell, according to an earnings report.

The report noted that the coronavirus crisis continues to have a negative impact by severely affecting operations and causing disruption across all markets. The effect of the pandemic as well as the recovery will ultimately depend on a number of factors, including, but not limited to the duration and severity of the outbreak and the length of time it takes for demand and pricing to return and for normal economic and operating conditions to resume.

Highlights include:

• Net sales rose 16.7% from €492.6 million ($500.6 million) in Q2 2021 to €574.9 million ($584.34 million) in Q2 2022.
• Vending sales fell 32.4% from a €58.9 million ($59.87 million) loss to a €78 million ($79.28 million) loss.
• Adjusted EBITDA improved 37.4% from a €16.5 million ($16.77 million) loss to a €10.3 million ($10.47 million) loss.
• Revenue in the South, U.K. and Ireland region increased by 15.5% at the actual exchange rate.
• Revenue in the Central region increased by 14.7% at the actual exchange rate.
• Revenue in the North region increased by 25.8% at the actual exchange rate.
• By channel, total sales per machine per day showed an increase of 31.8% from €7.7 ($7.83) to €10.2 ($10.37), with a 31.1% increase in the private channel from €8 ($8.13) to €10.5 ($10.67), 15.2% in the public channel from €21 ($21.34) to €24.2 ($24.6), and in the semi-public channel of 53.3% from €4.3 ($4.37) to €6.6 ($6.71).