Business
Italian Wine Brands S p A : - Approval of 2024 Financial Results
Italian Wine Brands S p A : - Approval of 2024 Financial
About this update from Italian Wine Brands S.p.a.
[{"type":"text","content":"\n \n ITALIAN WINE BRANDS BOARD OF DIRECTORS\n \n \n APPROVES 2024 FINANCIAL RESULTS\n \n \n NET INCOME RECORD AT 22.6 MIL + 37.4%\n \n \n Revenues from Sales: Euro 401.9 million (- 6.3% vs 2023); US revenues 7.8% only\n \n \n EBITDA Adj1: Euro 50.4 million (+13.7% vs 2023)\n \n \n NET RESULT: Euro 22.6 million (+37.4% vs 2023)\n \n \n NET FINANCIAL DEBT: Euro 75.92 million (- 24.6% vs 2023)\n \n \n FREE CASH FLOW YIELD4 on average share value last month > 18%\n \n \n Dividend proposal of Euro 0.5 per share; dividend yield 2025: 4.6%\n Milan, March 21st 2025 - The Board of Directors of Italian Wine Brands S.p.A., met today, to examine and approve the draft financial statements as of 31 December 2024, drawn up in accordance with the IAS-IFRS accounting principles, and pursuant to the Euronext Growth Milan Issuers' Regulation, (\"Regulation EGM\") which will be submitted to the next Shareholders' Meeting of the company for approval. Today's Board also examined and approved the Consolidated financial report as of 31 December 2024, drawn up in accordance with the IAS-IFRS international accounting standards.\n The Consolidated financial report of the IWB Group as of 12/31/24 highlights the following values (in thousands of Euros):\n \n 31.12.2024\n \n \n 31.12.2023\n \n \n 31.12.2022\n \n \n 31.12.2022\n \n \n Amounts in €000\n \n \n pro-forma (3)\n \n \n Revenue from sales\n \n \n 401,937\n \n \n 429,127\n \n \n 430,312\n \n \n 390,654\n \n \n Change in inventories\n \n \n (13,933)\n \n \n (19,765)\n \n \n 3,320\n \n \n 610\n \n \n Other income\n \n \n 3,261\n \n \n 4,410\n \n \n 5,897\n \n \n 5,574\n \n \n Total revenues\n \n \n 391,265\n \n \n 413,772\n \n \n 439,529\n \n \n 396,838\n \n \n Purchase costs\n \n \n (248,332)\n \n \n (271,847)\n \n \n (298,387)\n \n \n (271,790)\n \n \n Costs for services\n \n \n (65,657)\n \n \n (70,911)\n \n \n (78,190)\n \n \n (70,990)\n \n \n Personnel costs\n \n \n (25,435)\n \n \n (25,078)\n \n \n (24,256)\n \n \n (21,633)\n \n \n Other operating costs\n \n \n (1,458)\n \n \n (1,606)\n \n \n (1,520)\n \n \n (1,368)\n \n \n Total operating costs\n \n \n (340,883)\n \n \n (369,443)\n \n \n (402,352)\n \n \n (365,781)\n \n \n Adjusted EBITDA (1)\n \n \n 50,382\n \n \n 44,330\n \n \n 37,177\n \n \n 31,057\n \n \n EBITDA\n \n \n 46,620\n \n \n 40,962\n \n \n 35,871\n \n \n 29,735\n \n \n Adjusted...