Selecta Group Q3 FY19 Results

Cham, 27. November 2019, Selecta Group, the leading route-based unattended self-service retailer in Europe, announces its Q4 2019 results for the three months ended 30 September 2019.

Financial Highlights1

• Revenue rose by 8.1% to €413.5m1 (Q4 FY18: €382.4m), driven by organic growth in our points of sale estate as well as from our trade channel, together with a €7.6m contribution from acquisitions. Revenue for the last twelve months (LTM) Sep 19 was £1,631.2 million, up 6.8%
• Adjusted EBITDA was up 3.6% to €71.6m1 (Q4 FY18: €69.1m), reflecting the realisation of our synergy programme, allowing partial reinvestment in growth. LTM Sep 19 adjusted EBITDA rose to €272.6m, up 10.5%
• Adjusted EBITDA less net capex increased 14.8% to €46.2m1 (Q4 FY18: €40.2m), representing a strong quarter-on-quarter improvement in cash generation. Adjusted EBITDA less net capex for LTM Sep 19 was €138.2m, up 10.1%

1 At constant currency rates. 2018 figures are pro forma

Achievements

• 7 th consecutive quarter of revenue and EBITDA growth
• 13 th consecutive quarter of delivering to guidance
• Annualised sales growth target from bolt-on M&A achieved
• High retention rate maintained above 96% and expected to remain stable, reflecting our industry leading customer focused approach
• New contract wins and extensions in the quarter include Agip, SBB Swiss Railways, OKQ8 and Worldpay
• Continued focus on innovation:
  • Expansion of MicroMarkets to new markets: Spain, Germany and the Netherlands
  • Launched ground-breaking recycling service in the UK: SelectaGreenCup, in partnership with Veolia

As announced earlier this month, Selecta Group has changed its accounting reference date and financial year end from 30 September to 31 December. Results for the 15 months to 31 December 2019 will be announced on 24 April 2020.

David Flochel, Chief Executive Officer, said:

“I am pleased to report that the business has maintained its positive momentum with a seventh consecutive quarter of growth.

“Our consistently high customer retention rate reflects our customer focused approach and investment in operational and sales excellence, as well as our commitment to innovation.

“Our unique route-based model, our network density and our focus on technology and innovation means we are well positioned to continue to gain market share and deliver growth.”