Massimo Zanetti Beverage Group S.p.A. announced consolidated and parent earnings results for the year ended December 31, 2018. For the year, on consolidated basis, the company's revenue was EUR 891,203,000 against EUR 956,065,000 a year ago. Operating profit was EUR 36,390,000 against EUR 31,747,000 a year ago. Profit for the year was EUR 19,897,000 against EUR 18,110,000 a year ago. Basic earnings per share was EUR 0.58 against EUR 0.52 a year ago.

Revenues of the parent company amount to EUR 10.6 million compared to EUR 8.1 million in 2017. The net profit for the year is EUR 7.8 million compared to EUR 6.7 million in 2017.

In view of the results achieved in 2018 and considering current developments, the expectations relating to the performance of the Group for 2019, assuming the absence of extraordinary transactions, are as follows: slight increase in revenues driven by: the improvement in product and channel mix and growth in volumes in line with market trends.