Investor Presentaiton

THE ITALIAN MARKET - fragmentation The foodservice market has, therefore, great potential, but is extremely fragmented and consists in a wide variety of commercial formulas. In this context, chains and groups totalled just 9,8% of commercial catering, well below all large developed countries. 60% Market share of chains and groups in commercial catering-country comparison (2014) + 50% 50% 40% 30% 20% 10% 42.6% 30.1% 28.3% 26.6% 9.8% 0% US UK France Germany Spain Italy

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