FOPE GROUP APPROVES 2024 RESULTS: NET REVENUE €73.4 MILLION, EBITDA €14.8 MILLION AND CASH POSITIVE NFP €3.3 MILLION. PROPOSED DIVIDEND OF 0.85 EURO PER SHARE Actions to consolidate the managerial structure continue with the appointment of Eng. Piero Persi as General Manager

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[{"type":"text","content":"FOPE GROUP APPROVES 2024 RESULTS: NET REVENUE €73.4\n MILLION, EBITDA €14.8 MILLION AND CASH POSITIVE NFP €3.3\n MILLION. PROPOSED DIVIDEND OF 0.85 EURO PER SHARE\n Actions to consolidate the managerial structure continue with the appointment of Eng. Piero Persi as General Manager\n  Revenues: Euro 73.4 m. (2023: Euro 66.8 m.)\n  EBITDA: Euro 14.8 m. (2023: Euro 17.0 m.)\n  EBIT: Euro 12.1 m. (2023: Euro 14.7 m.)\n  Net profit: Euro 8.4 m. (2023: Euro 10.1 m.)\n  Net Financial Position: cash positive Euro 3.3 m (2023: break even Euro 0.0 m)\n  Shareholders' equity: Euro 45.4 million (2023: Euro 40.0 million)\n Vicenza, 24 March 2025\n The Board of Directors of FOPE (FPE:IM), an Italian goldsmith which is a leader in the luxury jewellery sector and listed on Euronext Growth Milan, today approved the Consolidated Financial Statements and the draft Financial Statements as at 31 December 2024.\n Diego Nardin, CEO of FOPE: 'We give a positive opinion on the sales result for 2024, which confirms our ability to grow on markets and affirm the value of the brand and the exclusive product. The American market stood out for achieving excellent results, as well as the countries of South-East Asia and the Far East, towards which we have increased investments. The optimisation work carried out on production processes and the consolidated new operating conditions ensured that orders were fulfilled in line with the planned schedule, also recovering the gap in completed product volumes recorded at the end of June 2024. The year saw an increase in operating costs, which reduced profits compared to 2023: the higher costs are attributable to an extraordinary effort to recover production efficiency and to consolidation of the structure with the acquisition of skilled resources, which continues also in 2025, both for the production departments and for supporting the branches. The NFP was positive and improving compared to 2023, despite the investments made and the absorption of financial resources generated by the normal increase in working capital resulting from the growth of the business.\n As far as 2025 is concerned, in the first few months we are pleased to record a significant increase in the volume of orders compared to the same period in 2024, from all markets, which allows us to look positivel at business development for the current y...

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