(Finance) – Green light from the BoD of Orser to the budget projections for 2023, which lead to an increase in the guidance on the main economic-financial indicators.
The Group estimates now Net revenues between 1.44 and 1.51 billion (+29% compared to the 2022 guidance), a ebitda adjusted in the range of 82-87 million (+23%), a adjusted net profit in the range 38-42 million (+21%) and one Net financial position between 140 and 148 million.
The company also cites a “significantly growing core business also thanks to the M&A on the revenue and profitability front”.
Raffaella Orsero, Vice President and CEO of Orserocommented: “In a market context that is still complex and uncertain, especially in terms of expected consumption, we remain confident about the outlook for 2023. We can count on a product sector that is once again proving to be resilient, on a solid business model that has managed to absorb inflationary impacts well and on an increasingly strong corporate culture rooted in our people. Thanks to recent acquisitions, this year we will see a marked strengthening of our presence in France, a key country both for the history of our Group and for future growth and development. We will work with passion to integrate the people of CAPEXO and Blampin within the Group, maintaining the right degree of operational independence and going to deepen and implement the commercial synergies that we have studied in recent months”.
Matteo Colombini, co-CEO and CFO of the Group added: “The Group’s strategy is founded on a clear vision of our role in the market and builds on solid business fundamentals that enable us to continue to grow in a healthy way. The vertical integration of the Distribution BU with naval logistics is allowing us to generate excellent profitability and the cash flow necessary to support the investment plan in organic projects and growth through acquisitions without compromising the excellent capital and financial balance that we have achieved – an element that in this historical moment is of ever greater importance. The further strengthening of the Distribution BU implemented through the acquisitions in France has a very important value in the medium term because it will allow us to be even more balanced on the sales channels and on the product mix, a fundamental pillar of our strategy”.