(Finance) – The BoD of Giglio Groupa company listed on Euronext STAR Milan and active in the field of high value-added e-commerce platforms, resolved to request Borsa Italiana the transition from Euronext Star Milan to Euronext Milan. This choice was made as a result of the conclusions of the report issued by the independent auditors BDO Italia on the draft financial statements and on the consolidated financial statements at 31 December 2022, as already communicated at the beginning of the month.
The board believes that the independent auditors’ decision not to express its opinion on the financial statements (asserting that it has been unable to obtain sufficient appropriate audit evidence on which to base its opinion) is “grossly wrong and in violationtherefore, of the professional audit engagement”.
THE consolidated revenues as at 31 March 2023 they amounted to 7.8 million euros and recorded a reduction of 3.8 million compared to the same period of the previous year. Part of this reduction (€1.7 million) is attributable to the fact that last year income from the sale of the Loyalty branch was also included (€1.3 million).
L’EBITDA is equal to -364 thousand euro, against 1.2 million which as at 31 March 2022, net of the sale of the Loyalty branch, would have been negative by 0.1 million.
(Photo: © Moreno Soppelsa | 123RF)