Radici Pietro expects results in line with previous estimates in 2022 and 2023

Radici Pietro expects results in line with previous estimates in

(Tiper Stock Exchange) – Radici Pietro Industries & Brandsa company listed on Euronext Growth Milan and active in the sector of high-end textile flooring and high-tech textile coverings, confirms the estimates of revenues and net financial position as at 31 December 2022 with respect to the budget and economic targets for 2023.

The estimates of the main consolidated data for 2022 – on the basis of management data available to date and not subject to auditing – forecast: revenues of approximately 53 million euros (compared to 44.2 million as at 31 December 2021, +20%, and compared to 54 million in the Budget 2022); net debt of approximately -17.5 million euros (-15.644 million at 30 June 2022 and -18,000 million in the 2022 Budget)

THE main economic objectives contained in the 2023 Plan, are: revenues of approximately 59.7 million euros (compared to approximately 60 million estimated in November 2021); EBITDA of approximately 5 million euros (compared to approximately 5.5 million previously estimated); EBITDA % of revenues equal to 8.3 (compared to approximately 9.1% previously forecast).

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