(Finance) – Fervi closed the first nine months of the year with consolidated revenues preliminary final figures equal to approximately Euro 40.7 million, a decrease of 2.40% compared to the figure as of 30 September 2023 (Euro 41.7 million); the reduction – explains the company in the accounting notes – is mainly attributable to the slowdown in industrial activity which was particularly affected by the subsidiary Rivit.
There net financial position consolidated, negative (net debt) for approximately Euro 7.8 million, increased by approximately Euro 1.5 million compared to the figure at 30 June 2024 (negative for Euro 6.3 million) due to the investments in Real Estate implemented in the period taken into consideration equal to approximately Euro 1.3 million and Euro 0.2 million compared to the figure at 31 December 2023 (negative by Euro 7.6 million).
The Board of Directors of the Company has resolved to implement the plan for the purchase and/or disposal of treasury shares referred to in the resolution adopted by the Shareholders’ Meeting on 23 April 2024, attributing to the President and the CEO Guido
Greco all the broadest powers and faculties for the optimal execution of the resolution authorizing the purchase and disposal of treasury shares. The share purchase program may therefore be carried out until 31 January 2025 unless interrupted in advance.
The maximum equivalent value of the ordinary shares of the Company purchasable on the basis of this program has been determined at Euro 900,000.00 for a maximum of 50,000 ordinary shares.