Cover 50, revenues and EBITDA up sharply in the first 9 months

FullSix closes 2021 in negative Strategic repositioning continues

(Tiper Stock Exchange) – Cover 50a company listed on Euronext Growth Milan and specialized in the creation and marketing of “high-end” trousers with its own brand PT – Trousers Torino, closed its first nine months of 2022 with revenues equal to 23.4 million, an increase of 16.8% compared to the same period of the previous year. The foreign component stands at 52% of total revenues.

There American subsidiary PT USA Corp. as of September 30, it achieved revenues of approximately $3.4 million, an increase of more than 54% compared to the same period of fiscal year 2021.

L’EBITDA margin is equal to 25.3% of revenues and theEBITDA to 5.9 million euros, an increase compared to the same period of 2021 (20.2% of revenues for an amount of 4 million euros).

There net financial position as at 30 September 2022 it is positive and equal to 20.8 million euros (19.6 million euros as at 30 June 2022).