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A multibrand company Head office : Via J. F. Kennedy , 16 - 42124 Reggio Emilia - Telephone : 0522.7901 Fax : 0522.790266 Share Capital € 43,935,050.00 fully paid - up - Economic and Administrative Index of Reggio Emilia ( REA ) no . 277595- VAT and Tax ID 00183410653 Company subject to management and coordination by Newlat Group S.A. pursuant to articles 2497 et seq . of the Italian Civil Code . PRESS RELEASE THE BOARD OF DIRECTORS APPROVES THE HALF - YEAR FINANCIAL REPORT AS AT 30 JUNE 2021 Net income at € 7.2 million , with an increase of + 4 % vs. € 6.9 million reported at the end of June 2020 ( adjusted figure excluding the profit arising from negative goodwill ) . FCF equals to Euro 17.4 million , with 80.5 % of EBITDA converted into cash EBITDA : € 21.7 million , with an EBITDA margin of 8.8 % , slightly below the 9.1 % margin reported in the first half of 2020 . Newlat FOOD SPA Consolidated revenues of Euro 245.5 million , down by 3.9 % vs. the Euro 255.4 million reported in the first half of 2020 and up + 0.7 % ( CAGR ) compared to the pre - COVID based of the first half of 2019 . Consolidated Net Financial Position at 30 June 2021 equal to € 16.7 million vs. € 5.2 million at 31 December 2020 under the same consolidation scope . Reggio Emilia , 10 September 2021 – the Board of Directors of Newlat Food S.p.A. ( " Newlat Food " or the " Company " ) , which met today under the chairmanship of Angelo Mastrolia , examined and approved the Half - Year Financial Report as at 30 June 2021 . Introduction to the Half - Year Report Consolidated revenues are reported at € 245.5 million while EBITDA is reported at € 21.7 million . Consolidated EBITDA margin is equal to 8.8 % , slightly below the same period of the previous year , with the same consolidation perimeter . Consolidated Net Income was equal to € 7.2 million , an increase of + 4 % compared to first half 2020 ( proforma figure excluding non - recurring income arising from business combinations ) . For the purpose of better representation of the business , the comparative data as at 30 June 2020 include Centrale del Latte d'Italia S.p.A. in the scope of consolidation starting from 1 January 2020 . The consolidated figures are reported at the end of this press release in the section " Financial Statements " . DELVERDE Corticella Pezzullo ORO DI NAPOLI Guade dal 1870 SANSEPOLCRO CACTORY TUSCANY Birkel Centrale GU uacci del latte DO DO IT CON GUSTO Vin DELVERDE Matese Torre ala inPietra Polenghi OPTIMUS Fior di Salento del GIGLIO dal 1934 Reggio Emilia