Governance and Finance

Board of Directors:

Massimo Carraro: Chairman and Managing Director
Marco Carraro: Managing Director of the Supply Chain
Cristina de’ Stefani: Managing Director of Finance & Corporate Affairs
Francesca Ginocchio: Global Marketing Advisor
Aymeric Chaumet: Business Development Director
Marina Salamon:Independent Director
Matteo Marzotto: Independent Director

The consolidated financial statements of Morellato Group for the fiscal year 2022 (ended at 28/02/2023 and drawn up in accordance with IAS/IFRS standards), highlights a turnover of 392.5 million euros (+17% vs. LY on a like-for-like basis). Pro-forma turnover, obtained by combining the results of the Morellato and CHRIST Groups, stands at 780 million euros.

Adjusted EBITDA (adjusted for costs incurred for the acquisition of CHRIST) is €95.5 million, equal to 24.3% of turnover (IRFS).

At 28.02.2023 the Net Financial Position was 204.6 million euros, with an investment of 251 million euros (for organic development and the acquisitions of the CHRIST Group in Germany and the Pierre Roux chain in France).

Millions of Euro	28.02.2023
Turnover	392,5
Proforma Turnover	780
Adjusted EBITDA	95,5