NewPrinces, loss of 5,5 million generated by high energy costs. A new acquisition is expected

The energy crunch is hitting NewPrinces, which is working to integrate its various divisions and establish a defined structure and scope. However, the company reiterated today that by year-end it expects EBITDA of 330-350 million euros. And in recent days, following the sale of 15 hypermarkets to Tosano, the company’s share price on the stock market has surged from 23 to almost 27 euros.

In the meantime, in the first 9 months of 2026, the group recorded consolidated revenues of 4,55 billion, more than doubling compared with the previous year due to the acquisitions of the GS retail chain (revenues of 2,46 billion), the Baby food & special products business (Plasmon) and Princes ready to drink.
Consolidated EBITDA amounted to 262,8 million, +67,8%, with a margin of 5,8% affected by the structurally lower margin of distribution: 3,5% amounting to 85,4 million, but with an operating loss of 50,2 million
. The NewPrinces group's net result recorded a loss of 5,5 million.
The company reported high energy costs, amounting to 19 million more in the third quarter. Excluding this impact, the result would have been positive by 14 million, before tax effects.

Electric shock

According to executive chairman Angelo Mastrolia, “the first 9 months of 2026 confirm the strength of the new NewPrinces group, with a net financial position which, excluding IFRS 16, is positive by almost 300 million. Unfortunately, the net result was penalised by the sharp increase in energy and transport costs, approximately 19 million. Without this impact, we would have closed the 9 months with a profit of 14 million. Our industrial and distribution model is sound and is already demonstrating this: gross margin rose from 19,8% to 21,6% thanks to the initial synergies, and the fourth quarter recorded a strong recovery in line with expectations. Thanks to the agreement with the Tosano group, we have also completed a fundamental step in rationalising the GS network, releasing an estimated value of approximately 753 million over the next 12 years.”

The call with analysts
At the meeting with analysts, Mastrolia announced that, regarding the transaction with the Tosano group, the transfers of 15 hypermarkets (although it is not known which ones) and 13 properties “will begin in May–June 2027 and will be completed, at the latest, within the first two months of 2028. The transfer will take place progressively”.
“The benefits of the transaction will be at least 30 million in 2027, also taking into account capex investments and other elements. This impact will increase further once fully operational in 2028. The point is that if the properties remained within our perimeter, we would have to make very significant investments to renovate them. We would have to start making them as early as next year”.
Mastrolia announced that he would complete an M&A transaction in the coming days, without providing further details. He then concluded: “We continue to look at the numerous opportunities on the market”.

The platform

NewPrinces Group operates in the food & beverage and retail sectors, with an integrated industrial and distribution platform.
In food production, it operates across various categories, including dairy products, grocery, ambient and fresh products. The group manages a diversified portfolio of brands in Europe and serves the main retailers and foodservice customers in more than 60 countries.
In the retail sector, NewPrinces operates through Princes Retail and the GS banner, with a network of approximately one thousand points of sale.
In the first 9 months of 2026, 62% of turnover was generated in Italy and 28% in Great Britain.

This article was translated from the original Italian version with the assistance of artificial intelligence. In case of discrepancies, please refer to the original Italian version.