Mizzi Organisation Finance plc - Updated Financial Analysis Summary

On 27 June 2024, Mizzi Organisation Finance plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of Mizzi Organisation in 2024:

• Revenue is expected to increase by 6.7% to €236 million, reflecting growth in income in the beverage segment and food stores.
• EBITDA is projected to remain virtually unchanged at the €22 million level as the increase in costs will affect profit margins.
• Net finance costs are also forecasted to remain practically unchanged at €5.85 million, with the interest cover remaining stable at 3.8 times.
• Total debt is projected to decrease by 1% to €132.1 million, which also includes €28 million in lease liabilities. As a result, the gearing ratio (calculated as total debt divided by total debt plus equity) is anticipated to ease to 41.3% from 42.2% as at the end of 2023.
• The debt to asset ratio is expected to remain virtually unchanged at the 0.33 times level.