(Tiper Stock Exchange) – SG Companya company active in the Entertainment&Communication sector and listed on Euronext Growth Milan, ha completed the purchase of the 26% of Louder Italy (reaching the absolute majority share of 51% of the capital) and del 60.92% of the FMA Group. As at 31 December 2022, Louder Italia and the FMA Group had, respectively, achieved a turnover of approximately 5.5 million euros and 2.9 million euros.
“We are proceeding with targeted acquisitions of immediate added value of historical and recognized companies in the respective market areas – commented the CFO Francesco Merone – To date it is clear that the industrial plan designed in 2020 has in fact been largely exceeded and it will necessarily have to be renewed in terms of values and with reference to the business areas that we have implemented and would like to enter, for which we have been working for some time”.
“If with Louder Italia we have made an investment in an area very close to the original core business of the group, with Gruppo FMA we have expanded our perimeter and the contents of the offer – he added – We have introduced to the world of SG Company are six entrepreneurs and managers from very different geographical and professional backgrounds among them, obtaining a substantial professional enrichment, as well as human, which is already giving excellent results. We have acquired a company with an average positive NFP (debt) of 500 thousand euros such as Louder and one with an average negative NFP (credit) of around 1 million euros, thus obtaining a positive effect in the financial sphere albeit net of the investment supported by SG Company, with its own sources, for a total of approximately 1.7 million euros, paid in part in 2022 and in part this year with a view to economic and, precisely, financial sustainability”.
(Photo: © Veerasak Piyawatanakul)