(Telestock) – iVision Techa company listed on Euronext Growth Milan and active in the design and production of eyeglass frames and sunglasses, has closed the first semester of 2024 with production value equal to 6.9 million euros and sales revenues equal to 5.4 million euros.
THE’EBITDA is equal to 1 million euros, with an incidence on the value of production of 15.0%. net result it is positive and equal to 1,165 euros.
THE’Net financial debt as of June 30, it recorded an increase, going from 7.8 million euros as of December 31, 2023 to 8.7 million euros. This increase is determined by the increase in bank and financial debts and the reduction in liquid assets, following the acquisitions of the stakes in IVILENS and Teknoema, financed with own funds.
“The results of the first half-year significantly highlight that we are on the right track: the 15% EBITDA margin and the value of production at 7 million confirm the constant development of iVision and the Group – commented theCEO Stefano Fulchir – The desire to grow through external lines, as indicated in the IPO phase, is demonstrated by the recent acquisitions that guarantee consolidation of the business”.
“Although in the half-yearly report to 30 June 2024 the data relating to recent acquisitions of Ivilens OOD and Teknoema are not yet consolidated, we expect their impact to be reflected in the end-of-year results – he added – Furthermore, the resulting synergies will speed up the development of the business and prove strategic for our expansion. Thus, the restructuring of our Henry Jullien brand has led to a relaunch of the brand and to new collections that are highly appreciated by the market. Therefore, despite the downturn in the eyewear market, with a general contraction in exports, we have managed to grow by acquiring new customers around the world”.