The removal of underperforming self-serve coffee and vending machines across its European network and strong performances in Germany and Belgium contributed to record daily sales and quarterly revenues of €307.2m ($338.m)
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Selecta Group achieved record average daily sales per machine of €13.10 ($14.50) | Photo credit: Selecta Group
Selecta Group has posted strong second quarter results, with profitability increasing across all its European markets and sales per machine rising to a record high.
The Swiss automated coffee and food vending operator achieved 3% sales growth to reach €307.2m ($338.5m) in the three months ended 30 June 2023, with a 21% increase in EBITDA to €55.6m ($61m).
Sales growth was highest in Germany and Belgium, with France and Italy the only of Selecta’s 16 European markets to record a fall in sales.
By segment, Selecta Group’s private sector business achieved 3.1% sales growth, while its ‘semi-public’ division, covering units in horeca and healthcare settings, reached 2.1%. The group’s public sector division achieved 1.5% sales growth, led by airport units.
Selecta Group also achieved record average daily sales per machine of €13.10 ($14.50) – 21% higher compared to the second quarter of 2022. The Cham-based business said the ongoing removal of underperforming machines contributed strongly to the increase in daily sales.
Selecta Group’s coffee and vending business comprises 365,000 machines. The business recorded strong unit growth over the last 12 months, with its self-serve Foodies machines increasing 50% year-on-year to 1,430 points of sale and intelligent vending solutions 150% to 850 total points of sale.
In its Foodies segment, Selecta Group introduced self-serve, touchless payment smart fridges and Starbucks We Proudly Serve coffee corners at the Novotel Linate hotel in Italy during the quarter.
Alongside Starbucks, Selecta Group’s self-serve coffee offer includes Nescafé, ZOÉGAS, Lavazza and its own brand, Pelican Rouge.
The second quarter also saw French national railway company SNCF begin trialling Selecta Foodies smartfridges at five stations in Paris, while Selecta Group also secured a seven-year extension to its partnership with Swiss national railway operator SBB.
“We are proud to share Selecta’s strong results in Q2 2023. Our relentless pursuit of innovation and strategic partnerships have driven the expansion of our Foodtech solutions. And our focus on cost discipline continues to deliver strong profitability,” said Christian Schmitz, Selecta Group CEO.
Selecta Group achieved 13% total sales growth in 2022 to reach €1.2bn ($1.2bn).