Monnalisa, loss widens to 3.25 million euros in 2022

Monnalisa loss widens to 325 million euros in 2022

(Tiper Stock Exchange) – Mona Lisaa company specializing in high-end children’s clothing and listed on Euronext Growth Milan, closed the 2022 with revenues for 46.4 million euros, up 6% (at current exchange rates, +5% at constant exchange rates) compared to 43.6 million euros in 2021. TheEBITDA reported consolidated amounted to 5.8 million euros at current exchange rates (6 million at constant exchange rates), compared to 5.1 million in 2021.

The Net income consolidated amounted to -3.25 million euros, (negative by 2.1 million in 2021), following the lower positive impact of exchange differences and tax management.

There Adjusted Net Financial Position debt stood at €8.6 million, in line with 2021, while the Net Financial Position including current and non-current liabilities relating to IFRS16 amounted to €28.9 million, compared to €29.4 million as at 31 December 2021.

“THE good results achieved in 2022 – commented theCEO Christian Simoni – strengthen the solid foundations, rooted in our ESG values, for the implementation of our three-year development plan, which complements the strategic lines already pursued in the last five years, which include an increase in brand equity, an increase in operational efficiency, and growth internally with the expansion of the offer and investments in retail channels, the revision of the business model, with the opening up to collaborations and selective licenses with other brands by leveraging the system of assets, capabilities and skills that we have created , with uniqueness compared to our competitors, with the implementation of the (deep) transformation process of the last few years”.

“We are fully aware of adversity and uncertainty of the general, macro-economic and geo-political context, as well as of the more industry-specific one of children’s fashion and some geographical markets in particular which have always been fundamental for us – he added – It is therefore not recklessness, blindness, or superficiality, but clarity of vision and entrepreneurship that will guide us with determination in the next steps of future strategic change, to which we look with confidence”.

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