Ladisa joins the italian stock exchange’s elite programme

The catering company – the only Apulian representative – will close 2016 with a turnover of over €100m, a rise of 20% compared with last year. 80% of the turnover is from outside the Apulia region

Ladisa, the Apulian market leader for collective catering with over 40 years of experience, has joined the ELITE programme, the Italian Stock Exchange’s project for companies with growth potential who are aiming towards international expansion. The presentation took place today at the Milan Stock Market building. Ladisa assisted by its advisor Unicredit, is the only Apulian company that has been admitted to this session of the ELITE programme, which has so far involved the participation of 350 models of business excellence, representing a turnover of €30 billion and 120,000 employees. 

In order to participate in the ELITE programme, companies are required to adhere to basic requirements such as strong growth orientation, profit on their most recent balance sheet and a minimum turnover of €10m. An ELITE member company is more attractive to potential investors and can benefit from exclusive business and networking opportunities with private equities and institutional investors as well as with bank networks, entrepreneurs and management from listed business groups and Stock Exchange consultants operating on behalf of selected companies.  

With over 3,000 employees and 500 facilities served throughout Italy, Ladisa provides services for state ministries, state-owned companies, schools and hospitals as well as public and private companies. Its business has also expanded to include the field of commercial catering, with its risto-shop model, as well as the supply of foodstuffs. This year Ladisa will close its final balance for 2015 with a turnover of €84m, an increase of 25% over last year (the data does not take into account intragroup turnover of €26.1m). 2016 is expected to see further growth, with the first quarter showing a 25% increase compared with the same period in 2015 (projected forecasts predict a turnover of €100m in 2016). 80% of this turnover is from outside the Apulia region.

2015 closed with a pre-tax profit of €1.26m and an EBITDA margin of 3.8% totalling €3.2m, a net financial position tending towards a medium length term with a slower growth than turnover.  

The company’s portfolio has orders totalling hundreds of millions of euros over the next five-year term, a period in which investments of over €40m are forecast. 

There are two key investment objectives: consolidation in the north with the opening of new production plants with platforms in the Lombardy and Friuli Venezia Giulia regions as well as a number of other acquisition processes. In addition, there are plans to develop the “Che Bontà” line of products, with its “Ready Meals” aimed at large-scale distribution networks and export markets. These are fresh foods that undergo a temperature reduction to 4° immediately after preparation, can be kept in the fridge for up to three weeks and can be consumed after one minute in the microwave. 

For this purpose, plans are being made for the promotion of traditional regional dishes which are also to be made available in maxi-format (four or more portions) to meet the requirements of all customers, not only single consumers. A healthy line of dishes is also under production, with vegan menus and semi-finished products of the so-called “4th range”: vegetables and greens that are pre-washed, cut and packaged to meet all types of consumer and family needs.

"We chose to join the ELITE programme – explains Vito Ladisa, company Managing Director – because it is stimulating to participate in a project which has the goal of enriching commercial and economic links, optimising internal procedures and absorbing new organisational and corporate governance models, all of which will make us more competitive. With ELITE there is also the benefit of a well-structured financial platform which allows the company to approach the capital market through highly qualified professionals, thus contributing at the same time to company management development".

Bari – Milan, 27th April 2016

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