Foodlink and FDL Group recorded an improvement in results for the financial year 2023 compared to 2022. In terms of profitability indicators, the company reported an increase in EBITDA of €2,485 thousand, which stood at €6,698 thousand compared to €4,213 thousand in 2022. Similarly, the group reported an increase of € 1,802 thousand, with EBITDA in 2023 amounting to € 8,855 thousand, compared to € 7,053 thousand in 2022.

The company's profit before taxes increased by € 2,290 thousand and amounted to a profit of € 611 thousand in 2023 compared to a loss of € 1,679 thousand in 2022. The Group, respectively, showed an increase of € 1,285 thousand, achieving a profit before tax of € 10 thousand compared to a loss before tax of € 1,275 thousand in 2022. It should be noted that the large increase in EURIBOR in 2023 significantly burdened the financial costs for the company and the group, and consequently the profit before tax. Specifically, financial costs for the company amounted to € 1,176 thousand compared to € 657 thousand in 2022 and for the group to € 1,250 thousand compared to € 734 thousand. The group's management renegotiated the borrowing rates (spread) with the partner banking institutions, achieving a reduction in these rates in order to limit the negative impact of the increase in financial costs due to the increase in EURIBOR rates.

The company's sales amounted to €58,101 thousand, a decrease of 4.64% compared to 2022, when sales amounted to €60,931 thousand. It should be noted that the decrease in sales is not operational but is due to a change in accounting policy under IFRS 15. The total of these sales in 2022 amounted to €3,262,000. Correspondingly, group sales amounted to €83,062 thousand, an increase of 1.03% compared to 2022, when sales amounted to €82,217 thousand.

The company's net debt in 2023 showed a decrease of €3,426 thousand and stood at €6,714 thousand compared to €10,140 thousand in 2022. Correspondingly, the group's net borrowings decreased by €3,604 thousand and stood at €8,099 thousand, compared to €11,703 thousand in 2022.

The Annual General Meeting of Shareholders' decision to increase the company's share capital by € 1,000,576.50 through cash payment and the issuance of 10,005,765 new ordinary shares with a nominal value of € 0.10 each was successful in September 2023.