From GlobeNewswire: 2025-02-25 17:05:00

Colabor Group Inc. reports fourth quarter and fiscal year results for 2024. Sales increased by 3.2% to $202.6 million in Q4, with net earnings from continuing operations at $0.5 million. Fiscal 2024 saw consolidated sales of $657.1 million, with net earnings from continuing operations at $1.6 million and adjusted EBITDA at $35.4 million. Cash flow from operating activities increased to $37.2 million.

The Company announced the acquisition of Alimplus Inc.’s food distribution assets for $51.5 million. This strategic move is expected to enhance Colabor’s position in Quebec’s food distribution sector. The closing of the acquisition is anticipated in the second quarter of 2025. The Company’s net debt decreased to $47.8 million as of December 28, 2024.

In the fourth quarter of 2024, Colabor experienced a 3.2% increase in sales to $202.6 million, while adjusted EBITDA was $11.3 million. Net earnings from continuing operations were $0.5 million, an improvement from the previous year. For fiscal year 2024, consolidated sales were $657.1 million, with net earnings of $1.6 million and adjusted EBITDA of $35.4 million.

Colabor demonstrated strong cash flow in 2024, with operating activities generating $37.2 million. The Company’s working capital decreased to $50.3 million, and net debt lowered to $47.8 million as of December 28, 2024. Colabor’s prudent financial management has resulted in positive outcomes despite economic challenges.

Looking ahead, Colabor remains confident in executing its business plan despite macroeconomic uncertainty. The Company’s diverse client base and focus on local sourcing contribute to its resilience. The recent acquisition of Alimplus Inc.’s assets is expected to drive growth and create synergies, reinforcing Colabor’s position as a key player in Quebec’s food distribution sector.



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