Business
PATTERN S P A : BOARD OF DIRECTORS APPROVES DRAFT FINANCIAL STATEMENTS AND CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2024
PATTERN S P A : BOARD OF DIRECTORS APPROVES DRAFT FINANCIAL STATEMENTS AND CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER
About this update from Pattern S.p.a
[{"type":"text","content":"PATTERN S.P.A. BOARD OF DIRECTORS APPROVES DRAFT FINANCIAL STATEMENTS\n AND CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2024\n 2024 REVENUE IN LINE WITH 2023 PRO FORMA THANKS ALSO TO M&As, DESPITE\n LUXURY MARKET DOWNTURN\n FOCUS REMAINS ON INDUSTRIAL, TECHNOLOGICAL AND ESG INVESTMENT\n SOLID FINANCIAL CAPITAL STRUCTURE\n WITH GEARING RATIO1 AT 33%\n SECOND TRANCHE OF PATTERN S.P.A. SHARES ASSIGNED TO CEO LUCA SBURLATI\n ORDINARY SHAREHOLDERS' MEETING CONVENED\n − Revenue from sales2:€ 125.8 million vs € 126.4 million pro forma3 at 31 December 2023, and vs € 145.6 million reported4 at 31 December 2023 (figures not on like-for-like basis)\n − Total revenue: € 128.0 million vs. € 147.9 million reported at 31 December 2023 (figures not on like-for-like basis)\n − EBITDA5: € 13.0 million (€ 18.8 million)6\n − EBITDA Margin: 10.2% (12.7%)\n − Profit for the Year: € 0.4 million (€ 23.4 million)\n − Adj. Profit for the Year7:€ 5.1 million\n − Negative NFP (debt) of € 14.4 million (NFP positive (cash) of € 0.6 million at 31 December 2023)\n Turin, 26 March 2025 - The Board of Directors of Pattern S.p.A (EGM:PTR), an Italian company set up in 2000 by Francesco Martorella and Fulvio Botto, one of the leading players in the engineering, development, prototyping and production of clothing lines for the world's most prestigious high-end brands in the catwalk segment and in men's and women's first lines, met today and approved the Parent Company's draft Financial Statements and the Consolidated Financial Statements at 31 December 2024.\n In the words of Luca Sburlati, Pattern CEO, together with Franco Martorella and Fulvio Botto, Pattern's Founders and Majority Shareholders: \"Today we approve the results for 2024 - a year where Pattern Group showed great resilience despite a sharp downturn in the international luxury market.\n 1 Ratio of Net Financial Position to Equity.\n 2 Figures previously disclosed on 11 February 2025 when the preliminary results were published and confirmed in the consolidated financial statements.\n 3 Revenue from sales pro forma at 31 December 2023 does not include the business unit sold to Burberry in early October 2023.\n 4 Reported revenue from sales at 31 December 2023 includes the business unit sold to Burberry.\n 5 EBITDA: Alternative Performance Measure: EBITDA (Earnings Before Interest Taxes Deprecia...