(Finance) – BasicNet as of September 30, 2024, it recorded a consolidated turnover equal to 296.1 million Euros (297.5 million as of 30 September 2023, -0.5%), which includes: direct sales of 250.5 million Euros (247.9 million Euros in 2023, +1, 1%); royalties from commercial and production licensees for 44.4 million euros (48.3 million euros at 30 September 2023, -8.1%). In the third quarter alone, consolidated turnover grew by 4.0% compared to 2023.
The aggregate sales of products bearing the Group’s brands, developed worldwide, are equal to 846.8 million Euros, broken down as follows: sales of commercial and direct licensees: 623.6 million Euros (625.2 million Euros at 30 September 2023, -0.2%); sales of productive licensees: 223.1 million Euros (233.3 million Euros as of 30 September 2023, -4.3%).
Sales by commercial and direct licensees grow in Europe (+7.3%), a region which represents approximately 76.5% of aggregate sales, while they decrease in the other regions, Americas -30.9%, Asia and Oceania -24 .7%, Middle East and Africa -5.4%, due to a general decline in consumption.
EBITDA stood at 40.6 million euros (44.7 million euros at 30 September 2023, -9.1%). In the third quarter alone, Ebitda grew by 4.3%. THE’EBIT equal to 26.9 million Euros (32.2 million Euros at 30 September 2023 -16.4%); after having allocated depreciation of tangible and intangible assets for 6.8 million Euros and amortization of rights of use for 6.8 million Euros, increasing due to the new openings (11 direct sales points), as part of the development of the retail sector. In the third quarter alone, Ebit grew by 3.4%.
There net financial position towards banks stands at -108.6 million (-92.6 million euros at 31 December 2023), an improvement compared to -125.6 million at 30 September 2023; net financial position: at -160.5 million Euros (-139.1 million as of 31 December 2023, -168.3 million as of 30 September 2023).
As for theoutlookbased on the sales forecasts of the single-brand stores, the order portfolio acquired and the expected contribution of the royalty and sourcing commission flows, we read in the accounting note, “it is possible to expect a last quarter in line with the last financial year. agreement signed last Friday for the entry of the Permira fund into the capital of the subsidiary K-Way confirms the effectiveness of our strategy and the desire to continue to support the medium-long term growth of the Group’s brands”.