F I L A Fabbrica Italiana Lapis ed Affini S p A : .I.L.A. S.p.A. Y 2024 Results Presentation

About this update from F.i.l.a. - Fabbrica Italiana Lapis Ed Affini S.p.a.

[{"type":"text","content":"\n FY 2024 Results Presentation\n \n \n 21 marzo 2025\n \n Agenda\n \n Highlights\n Business Review\n Financial Review\n DOMS Industries\n \n Appendices:\n \n Details on Revenues and EBITDA\n Exchange rates\n \n FY 2024 Highlights\n \n \n FY 2024 RESULTS\n FILA 2024 results confirmed the positive trends in profitability, the strong growth in net profit and marked an acceleration in deleverage, also thanks to the sale of the 4.57% stake in DOMS\n Core Business Sales at €612.6m, -5.0% vs FY 2023 (-2.8% on a comparable FX basis), reflecting one-off SAP EWM disruption at Dixon USA in Q1, as well as the adverse currency effects in C&SA\n Adjusted EBITDA at €118.2m, +7.2% vs FY 2023 (+7.3% ex IFRS 16), with margin improvement to 19.3% (vs 17.1% in FY 2023) thanks to a favourable product mix coupled with ongoing efficiency actions\n Group Reported Net Profit at €81.8m in FY 2024 (€170.6m in FY 2023) which includes DOMS placement and significant decline in financial expenses. Adjusted Group Net profit at €40.9m, +32.3% vs FY 2023\n Free Cash Flow to Equity at €67.7m vs €60.3m in FY 2023, with positive working capital contribution, lower capex and interest expenses, exceeding 2024 guidance (upper end of €40-50m range)\n Net Financial Position at -€181.1m in FY 2024, with €122.3m net reduction vs FY 2023 despite €36.5m of dividends in 2024 thanks to strong cash flow generation and disposal of the stake in DOMS for €80.7m (Net Bank Debt -€124.5m in FY 2024 vs -€229.5m in FY 2023)\n Dividend proposed €40.8m, higher than guidance, thanks to higher than anticipated Free Cash Flow to Equity and successful placement of DOMS participation\n Outlook: guidance 2025 confirmed, with low-to-mid single digit revenue growth, mid-single digit growth\n \n in Adjusted EBITDA, assuming constant currency & tariffs, and FCFE between €40m and €50m, dividend\n \n \n pay-out ratio 20-40%, in the ordinary course\n \n \n 3\n \n \n Snapshot of FY 2024 results (excluding DOMS Industries)\n \n Core Business Sales (€m)\n \n \n Reported: -5.0%\n \n \n Organic: -2.8%\n \n 644.9\n \n \n 612.6\n \n \n FY 2023\n \n \n FY 2024\n \n \n Adjusted Group Net Profit (€m)\n \n \n 170.6\n \n \n 81.8\n \n \n Group Reported Net Profit\n \n \n 39.7\n \n \n Adj. Net Profit + PPA\n \n \n 50.2\n \n +32.3%\n \n 30.9\n \n \n 40.9\n \n \n FY 2023\n \n \n FY 2024\n \n Adjusted EBITD...

More updates from F.i.l.a. - Fabbrica Italiana Lapis Ed Affini S.p.a.