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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
RT&L
RT&L (RTL) investor relations material
RT&L Company presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company presentation summary9 Oct, 2026
Business profile
International logistics services focused on customs brokerage and freight forwarding; 114 employees, 13 Italian offices and over 30 years of experience.
Asset-light, asset-free operating model; customs brokerage represented 74% of H1 2026 revenue and was described as recurring and risk-free.
Development and structure
Founded in 2023 by Redeem Finance, Roberto Bizzarri and Raviero SA; admitted to Euronext Growth Milan on Dec. 3, 2025.
Acquired 100% of P&A Spedizioni in 2025 and 100% of Lands in 2026; Lands expanded customs brokerage and auxiliary maritime services across additional ports and Pisa airport.
Established 51%-owned Olitrans in Livorno for intra-port services; secured exclusive management of a customs warehouse at Rivalta Scrivia.
Signed a two-year framework agreement with Guangzhou Salvage, gaining exclusive access to 30 ships for joint maritime projects in the Mediterranean, Africa and South America.
Services and geographic reach
Customs brokerage covers import/export documentation, duties, excise and VAT calculations, inspections, and port entry and exit operations.
Freight forwarding spans road, sea and air transport; project cargo includes ship chartering and transport for industrial projects, while general cargo includes trucking.
Strategic locations include Genoa, Rivalta Scrivia, Savona/Vado, La Spezia, Livorno and Pisa airport; access to 75% of national freight traffic and management of 8% of national port in/out TEU volumes.
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Latest events from RT&L
- First full-year profit, Project Cargo-led revenue and €8.28m of 2025 capital increases.RTL
H2 2024 - Pro forma H1 net income was €930k after the €8m P&A acquisition.RTLH1 2025
- Pro forma EBITDA margin reached 25% as logistics growth balanced geopolitical risks.RTLH2 2025
- €6.24m H1 production value and €1.00m EBITDA precede a debt-funded LandS expansion.RTLH1 2026
- Customs brokerage expansion complements 33.9% 1H25 EBITDA margin.RTLCompany presentation
- Pro forma FY2025 EBITDA rose 97% as customs brokerage-led growth strengthened margins.RTLCompany presentation
- Asset-light freight services pair recurring customs brokerage with expanding port operations.RTLCompany presentation
Next RT&L earnings date
H2 202625 Mar, 2027
RT&L
Next RT&L earnings date
H2 202625 Mar, 2027
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