trending Market Intelligence /marketintelligence/en/news-insights/trending/DKtTw2-dO00GvyCO18Q0iQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Massimo Zanetti Beverage Q1 profit climbs YOY


ESG hits the mainstream for European private equity sponsors


What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals


Banking Essentials Newsletter - February Edition, Part 2


Episode 3: Transformation of Customer Experience in 2020

Massimo Zanetti Beverage Q1 profit climbs YOY

Massimo Zanetti Beverage Group SpA said its first-quarter normalized net income was 5 euro cents per share, a gain from 1 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €1.4 million, a gain from €367,750 in the prior-year period.

The normalized profit margin increased to 0.6% from 0.2% in the year-earlier period.

Total revenue increased 26.8% on an annual basis to €217.3 million from €171.3 million, and total operating expenses grew 26.1% from the prior-year period to €212.3 million from €168.4 million.

Reported net income rose from the prior-year period to €1.2 million, or 4 cents per share, from €350,000, or 1 cents per share.