Miquel y Costas & Miquel (MCM) Q3 2024 earnings summary

Executive summary

• Net sales for the first nine months of 2024 reached €239.2 million, down 1.9% year-over-year due to price moderation and international trade challenges.

• EBITDA increased by 7.7% to €61.6 million, and net income rose 11.7% to €37.2 million compared to the same period last year.

• Improved margins attributed to commercial policies, investment impacts, and reduced energy inflation.

Financial highlights

• Revenue declined by €4.6 million year-over-year, mainly from lower prices amid easing inflation.

• EBITDA reached €61.6 million (+7.7%), pre-tax profit €49.1 million (+11.2%), and net income €37.2 million (+11.7%).

• Cash flow after taxes was €51.9 million, up 9.4% year-over-year.

Outlook and guidance

• Results in Q3 2024 improved over the prior year, maintaining the growth trend.

• Despite economic and geopolitical uncertainty, the group expects to sustain its positive trend and confirms its annual objectives.

• Ongoing investment plan underpins long-term growth and sustainability strategy.