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Deoleo® The Olive Oil Company . 9M 2021 RESULTS Deoleo demonstrates its financial strength and records like - for - like net profit of € 16M , • in line with the year's targets Third quarter results reflect the impact of post - pandemic habits normalisation , as well as higher raw material prices , exchange rate movements and higher logistics costs . Market shares continue to perform positively , especially in the United States , where they grew by 1.1 percentage points in the year . • Deoleo demonstrates its financial strength and has reduced its net debt by 10 % due to meeting its EBITDA target and the effective management of working capital Madrid , October 29th , 2021. Deoleo , world leader in the olive oil sector , continues to demonstrate the strength of its business despite the complexity of the current scenario . In the first nine months of the year , the company posted like - for - like net profit of € 16M ( excluding the positive impact of the revaluation of Deoleo's Italian brands ) compared to € 26M in the same period last year ( excluding the positive impact of the debt restructuring ) . Considering the extraordinary impact recorded in 2021 , Deoleo's net profit at the end of September amounted to € 61M . EBITDA reached € 38M , in line with the targets set at the beginning of the year . EBITDA was 39 % lower than in the same period of 2020 , a year in which Deoleo's results were boosted by the increase in household consumption in the context of the health crisis . The gradual return to consumption habits following the normalisation of the health situation has led to a contraction in world olive oil consumption , especially in more mature markets such as Italy and Spain , although this trend is beginning to spread to other countries . Deoleo is also increasing selling prices in order to reduce the impact of the increase in the cost of raw materials , which , as the company anticipated , is also affecting oil consumption . According to the MAPA , prices at origin are currently 70 % higher than at the start of the campaign that has just ended , although in recent months signs of stabilisation have begun to be seen . As a result of the gradual adjustment of consumer selling prices , Deoleo maintained its sales growth , which increased by 3.1 % compared to the same period of the previous year , despite the slight fall in volumes sold . In addition , the group's EBITDA was impacted by the increase in logistics costs worldwide and by the € 6M impact associated with the evolution of exchange rates . In the words of Ignacio Silva , Chairman and CEO of Deoleo : " Despite the complex environment , Deoleo has once again demonstrated its strengths . We anticipated the challenges that the sector would face this year due to the increase in raw material prices and we took the necessary measures to minimise their impact , which have given us very positive results in key geographies . We are very satisfied with how well Deoleo's brands have reacted in such a challenging year , and an example of this is that we have met the EBITDA targets we initially set ourselves and , furthermore , our market shares have performed positively " . REGISTRO MERCANTIL DE CORDOBA , TOMO 2425 FOLIO 56 , HOJA CO - 35003 . N.I.F .: A48012009 DOMICILIO SOCIAL : CTRA . N - IV , KM 388 , 14610 ALCOLEA ( CÓRDOBA ) . T +0034 957 320200 OFICINAS CENTRALES : MARIE CURIE , 7 - 4a PLANTA , RIVAS VACIAMADRID 28521 ( MADRID ) . T +0034 915 589505 www.deoleo.com