Gibus, double-digit growth in revenues and profits in the first half of the year

Gibus double digit growth in revenues and profits in the first

(Finance) – Gibusa company active in the high-end outdoor design sector and listed on Euronext Growth Milan, closed on first semester of 2022 with revenues equal to 45.5 million euros, an increase of 27% compared to the same period of 2021. The segment High End Luxury it recorded revenues of 20.6 million, + 32% compared to 30 June 2021 and represents 47% of the total. L’Italy it recorded revenues of 35.3 million euros, up by 36%, while revenues generated abroad amounted to 10.2 million euros, for an increase of 4%. L’EBITDA is equal to 9.8 million euros (+ 16%). L’Net income stands at 7.3 million euros (+ 19%).

“Although the group has today estimated an insignificant direct impact linked to the increase in the costs of energy users, there are signs of more significant indirect impacts linked to the increase in prices operated by suppliers operating energy-intensive activities such as aluminum extrusion , painting, processing and tempering of glass – explained theCEO Alessio Bellin – It is possible that such a phenomenon impact on margins in the autumn and winter monthseroding the potential benefit produced by the return of aluminum to more favorable prices than those of the first half of the year “.

The board of directors, amending the dividend policy adopted on May 14, 2019, resolved to annually evaluate the definition of the dividend management policyleaving to the judgment of the administrative body the task of proposing to the shareholders’ meeting, on the basis of the results that will be achieved from time to time by the company, the allocation of operating profits and available reserves in the perspective of the best interests of its stakeholders.

(Photo: Fragment)

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