(Finance) – Magisa company listed on Euronext Growth Milan and activates in the design, production and marketing of personalized adhesive ribbons, packaging products and closing systems for incontinence, recorded in 2024 a production value equal to 85.18 million euros, up 5.2% compared to the 2023 year, e revenues stable equal to 81.55 million. The trend of the turnover is mainly related to the calibrated reformulation of some sales prices, in relation to the drop in the cost of raw materials, and the policy of concentration of production on the mix of customers and products with greater added value, already started during the previous year.
The gross operating margin (Ebitda) increased by reaching 15.23 million euros, therefore, equal to about 18.7% of revenues (compared to 15 million in 2023); Just as the gross Adjusted (Ebitda Adjusted) operating margin has increased, reaching 16.80 million euros, equal to about 20.6% of revenues. The Net result 2024 stood at 8.68 million euros (improving compared to 8.22 million in 2023), also thanks to a more efficient financial management that led to a significant reduction in the amount of net financial charges.
There Net financial position He therefore recorded a strong improvement, equal to 8.91 million euros, from 5.77 million in 2023 to 14.67 million in 2024. This result is even more significant considering the important investments made in the exercise, equal to 5.1 million euros.
“In the year 2024 we consolidated our growth strategy by focusing on special products and personalized solutions, strengthening our position as specialists in the sector – commented President Marco Marzi – The focus on customers and products with greater profitability has allowed us to confirm our position compared to the market, guaranteeing financial solidity and a strong generation of cash. This result is the result of a targeted approach and a strategic vision oriented towards innovation and value for our partners, which shows Magis’s ability to ride the market “.
The Board of Directors has decided to propose the distribution of a dividend unitary to the 2024 budget equal to 0.92 euros (dividend Yield: 7.5%) for each action entitled, with the date of detachment of the coupon on May 5, 2025, the date of legitimacy to payment (record dates) on May 6, 2025 and date for the payment of the dividend on May 7, 2025.
(Photo: Towfiqui Barbhuiya on Usplash)