(Finance) – FOPEa Vicenza goldsmith company active in the high-end jewelery sector and listed on Euronext Growth Milan, closed 2021 with Net revenues equal to 40.3 million euros, up 55% compared to 2020 and 15.3% compared to 2019.EBITDA it stands at 8.8 million euros, + 122.7% compared to a year ago and 29.6% compared to the last pre-pandemic year. The data ofEBITDA margin stands at 21.8%, higher than the pre-Covid-19 figure (19.4% in 2019). L’Net income stands at € 5 million, an improvement on the € 1.7 million in 2020 and in line with the € 4.9 million in 2019. Net financial position is cash positive for 1.9 million euros, an improvement compared to a net financial debt of 2.4 million at 31 December 2020.
“We close the 2021 financial statements positively, registering a significant growth in sales and other economic indicators and demonstrating a strong capital strength – commented theCEO Diego Nardin – We are satisfied with the closing date of revenues which, as already anticipated at the end of January, is higher than initial expectations; important result achieved in a context, that of 2021, in which the markets were still conditioned by the negative effects of the pandemic. The volumes of revenues achieved, combined with efficient operational cost management, generated an excellent degree of profitability, bringing the EBITDA margin back to pre-Covid-19 values ”.
“Similarly to the economic aspects, the management of financial flows was also optimal: we reached a positive net cash financial position of 1.80 million, making all the planned investments – he added – Very positive financial results, but above all comforting signs that testify to the resumption of the company’s growth process, always with foreign countries at the forefront, and the continued affirmation of the FOPE brand in the perception of our dealers and customers. In the first months of 2022, the response of the markets remained at excellent levels, confirming positive expectations for the new year “.
The Board of Directors resolved to propose to the shareholders’ meeting the following allocation of the parent company’s profit for the year, equal to 5,661,857 euros: 283,093 to the legal reserve; 2,948,940 to the extraordinary reserve; 2,429,824 as a dividend through the distribution of a gross dividend of € 0.45 per share to 5,399,608 ordinary shares in circulation. Against the ordinary dividend that will be paid starting from 4 May 2022 – coupon detachment date no. 5 on 2 May 2022 and record date on 3 May 2022 – the dividend yield is equal to 2.98%, while the payout ratio is equal to 43%.