Food distribution group Marr SpA. registered an 11.7% year-on-year increase in consolidated sales revenue to €402m ($479.1m) for the first half of 2005, according to the Italian news digest.
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The result was boosted by organic growth in the company’s businesses and acquisitions carried out between June 2004 and February 2005, the report said. Marr, which is a subsidiary of Italian meat processing and catering group Cremonini, bought Italian catering company Sogema SpA in June 2004. A unit of Italian food and catering services provider Sfera Srl was acquired by Marr in February 2005.
Marr reported a 15.2% rise in revenue from commercial catering services and a 3.0% increase in revenue from collective catering services. At present, revenue from commercial catering services accounts for 65% of the company’s total annual revenue.
Marr’s figures for the first six months of 2005 are in line with the company’s forecasts, CEO Ugo Ravanelli said. Marr made its bourse debut on 21 June 2005.
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