(Tiper Stock Exchange) – EuroGroup Laminationsa company listed on Euronext Milan and active in the design and production of stators and rotors for electric motors and generators, closed the 2022 with revenues equal to 851.1 million euros, an increase of 52.8% compared to 2021. The growth characterized both operating segments: EV & Automotive at +63.5% and Industrial at +47.6%.
L’EBITDA in 2022 amounted to 103.3 million euros, a marked increase (+72.8%) compared to 2021 (59.8 million), bringing the marginality to 12.1% compared to 10.7% in 2021. This trend was mainly favored, in addition to an operating leverage effect, also by the greater contribution of the EV & Automotive segment.
L’profit for the year in 2022 it reached 43.8 million euros, more than double (+111.6%) compared to 2021 (20.7 million), deriving from the combination of a positive operating performance, a less than proportional increase in expenses financial against an increase in financial debt during the period, and some non-recurring items.
EuroGroup Laminations confirms the continuous growth of order book of the EV & Automotive segment, which reaches an estimated value of €5.8 billion as of February 28, 2023, with an additional order pipeline under discussion of approximately €3.4 billion.
Despite the increase in net investments and in the commercial net working capital, the ratio of net financial debt to EBITDA remained substantially in line with the figure as at 31 December 2021, equal to 2.5x. L’Net financial debt as at 31 December 2022 stood at 259.4 million, compared to 151.7 million as at 31 December 2021). This figure does not include the effect ofcapital increase of 250 million completed as part of the listing process, completed after the end of the year.