(Alliance News) - The board of MARR Spa on Friday approved its financial results for the first quarter of 2026, reporting a net loss of EUR6.6 million, compared to a loss of EUR2.7 million recorded in the same period of 2025.
Consolidated revenue for the quarter reached EUR426.0 million, up from EUR409.2 million in the first quarter of the previous year.
EBITDA stood at EUR7.3 million, down from EUR9.9 million a year earlier, while EBIT turned negative at EUR2.5 million, compared to a positive figure of EUR900,000 in Q1 2025. The company explained that, in a period historically characterized by low seasonality, operating profitability was impacted by operational and logistical redesign initiatives launched during 2025.
Key initiatives include the insourcing of internal goods handling activities through the subsidiary MARR Service. This process was accelerated in the second half of 2025 with the aim of strengthening direct control over logistics operations and improving service levels.
The quarter was also affected by costs still linked to the Pomezia platform, decommissioned in April 2026, and the MARR Roma distribution center, which is scheduled to close at the end of the summer season.
Trade net working capital as of March 31, 2026, rose to EUR264.7 million from EUR224.4 million a year earlier, partly due to an increase in inventories related to specific procurement policies.
Net financial debt, prior to the application of IFRS 16 accounting standards, amounted to EUR290.4 million, compared to EUR219.8 million as of March 31, 2025.
The variance reflects EUR27.7 million in capital expenditures made over the last twelve months, share buybacks totaling EUR10.7 million, and the distribution of EUR38.5 million in dividends in May 2025.
MARR shares were trading down 5.3% at EUR8.01 on Friday.
By Maurizio Carta, Alliance News reporter
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