GOING DEEPER VIVESCIA GROUP Consolidated results for the year ended 30 June 2023 new sourcing agreements, including In total, consolidated revenue for In the 2022-2023 昀椀nancial year, the launch of Club Francine for wheat. 2022-2023 reached €4.6 billion, up VIVESCIA Group increased its 20.4% on the 2021-2022 昀椀nancial Despite a climate of in昀氀ation and the pro昀椀tability, despite the climate of geopolitical uncertainty and high volatility of costs, we were able to year. EBITDA, which re昀氀ects the company’s 昀椀nancial performance, improve our 昀椀nancial performance in昀氀ation combined with signi昀椀cant cost volatility, which dampened thanks to the concerted efforts of all reached €195 million, a year-on-year consumer spending on food. our teams. increase of 18.5%. Consolidated net debt had fallen by the end of the year, owing to a For the second year running With grain prices beginning to ease at the end of the year and the VIVESCIA Industries was impacted slight fall in grain prices. VIVESCIA Group continued to roll out its LINK by a steep increase in costs, 昀椀nancial discipline applied across environmental strategy across all its spanning raw materials, food inputs, all our business lines, we ended the activities throughout the year. transport, packaging, and energy, year with debt of €595.8 million, which is a €42 million improvement among others. By negotiating price The harvest was down by around 5% increases with our customers, we on the previous year. Despite a in 2022, mainly because of weather gradually managed to cover the climate of steeply rising interest rates, the Group pursued its investment conditions. The Cooperative and its in昀氀ation on our costs. Despite the agricultural subsidiaries’ revenue slowdown in consumption, all our strategy to expand its production rose by 25% owing to higher prices processing activities saw marked capacity, modernise and maintain its for grain and agricultural supplies, revenue growth. Our operational IT, production and storage facilities, against a backdrop of declining improvement plans enabled us to and drive forward its environmental policy. Work on the new malt house fertiliser consumption. We continued deliver satisfactory 昀椀nancial results, to implement our Ma Coop 2025 which are improved on the previous in Mexico was completed on schedule, and production began there in July transformation plan, stepping up 昀椀nancial year. action on strategic priorities such as 2023. 68