Massimo Zanetti Beverage Group S.p.A. announced consolidated earnings results nine months for the period ended September 30, 2018. For the period, revenue was EUR 654,048,000 compared to EUR 708,514,000 a year ago. Operating profit was EUR 23,676,000 compared to EUR 19,803,000 a year ago. Profit before tax was EUR 17,857,000 compared to EUR 13,348,000 a year ago. Profit attributable to owners of the parent was EUR 12,319,000 compared to EUR 8,064,000 a year ago. Earnings per share basic and diluted were EUR 0.36 compared to EUR 0.24 a year ago. Profit for the year were EUR 12,385,000 compared to EUR 8,208,000 a year ago.

The guidance for 2018, is in the view that results achieved in the first nine months of 2018 and considering current trends as well as assuming the absence of extraordinary transactions, management expectations for 2018 is: revenue on a comparable basis substantially in line with 2017; EBITDA adjusted increase of approximately +5.0% and a reduction in net debt to below EUR 180 million.