(Finance) – During 2024 Zignago glass has recorded revenues down 12% a 615.7 million euros with increasing sales volumes and a declining marginality compared to the record levels of 2023. TheEbitda It is in fact equal to 136.2 million euros, equal to 22.1% on revenues, recording a drop of 37.9%. The net profit was equal to 51.9 million euros (8.4% on revenues), strongly decreasing compared to 2023 (-57.6%). The operating cash generation, before investments, is equal to 90.3 million euros, equal to 14.7% of revenues.
The title pays the results in bag with losses over 4.5%.
Investments clear In 2024 they amount to 86.2 million euros, the net financial debt is 301.3 million (it was 227.9 million in 2023) after disbursement for investments for 91.4 million and for 66.4 million for dividends.
The Board of Directors proposed a dividend 0.45 euros per share (-40%) and dividend pay out of about 76.6%.
For 2025 the company provides for the request of glass containers for Drinks and foods a normalization of the market. As for the market of containers for cosmetics and perfumery, the application, the company explains, “still suffers from the slowdown started during the previous year in the wake of the drop in final consumption and destocking along the supply chain. Positive signals come from the development of new products, leaving a possible recovery of demand in the second half of 2025”.
Meanwhile, the board has appointed Giovanni Puri Purini Which new Investor Relations Manager who will have the responsibility of following relations with investors and the market. Puri Purini, who notes the CEO in the assignment, Biagio Costantini, appointed to Interim on 12 December 2024, is already secretary of the Board of Directors of Zignago Vetro since November 2022 and has been working in Zignago Holding since 2014 where he held the role of director of corporate affairs and M&A.