(Finance) – Fila – Italian lapis and similar factory – closed the 2024 exercise with revenues which were 612.6m, down 5% compared to 2023, or -2.8% on an organic basis of the gearbox effects. The overall change effect amounts to -14.2 million, of which -13.5 million in Central -South America (as a result of the devaluation of the Argentine and Mexican weight), -0.2 million in Europe (due to the devaluation of the Turkish lira), and -0.4 million in North America.
The normalized Ebitda was 118.2 million, showing an increase of +7.2% compared to 2023. Excluding the IFRS 16 impact, the normalized Ebitda grew by +7.3% compared to the previous year, thanks to the efficiency plan and mix effect. The greater growth of the normalized ABITDA compared to revenues led to an improvement in marginality, which in 2024 increased to 19.3% compared to 17.1% in 2023 (excluding the IFRS 16 impact, the margin equals 16.8% vs 14.9% in the previous year).
In 2024, theNet profit Normalized is equal to 40.9 million growing compared to 30.9 million of the previous year. The result was obtained mainly thanks to less net financial charges, which dropped at € 25.9 million in 2024 from € 37.5 million in 2023, due to the lower debt. The contribution to the profit of participation in Doms net of the PPA effect, explains the company in the note of the accounts, was € 3.1 million for 26.01%.
THE’Net financial debtwhich reflects the same dynamics of net bank debt, is equal to 119.5 million to 31 December 2024, which is compared with € 226.6 million to 31 December 2023.
The expectations for 2025in line with what has already been communicated by the Company, they are confirmed and foreseen: Low-to-Mid-Single Digit growth revenues, normalized EBITDA in the Mid-Single Digit growth (with constant changes and tariffs) and, free cash flow to equity between € 40 and € 50 million, excluding Doms dividends.
Proposed Monte Dividendi equal to 40.8 million, with a payout ratio higher than Guidance, thanks to a greater generation of Free Cash Flow to Equity and the successful completion of the sale of 4.57% of the market participation in the market of the participation of 26.01% in DOMS Industries of 488 million.