Business
Star7 S p A : – Board of Directors approves Draft Annual Report and Consolidated Financial Statements as at 31 December 2024
Star7 S p A : – Board of Directors approves Draft Annual Report and Consolidated Financial Statements as at 31 December
About this update from Star7 S.p.a
[{"type":"text","content":"STAR7 - Board of Directors approves Draft Annual Report and Consolidated Financial Statements as at 31 December 2024 \n STAR7 ENDS THE YEAR WITH STRONG ORGANIC GROWTH AND EXPANSION OF MARGINS\n EXCELLENT CASH GENERATION, WITH FREE CASH FLOW AT €10 MILLION, DRIVES SIGNIFICANT NET FINANCIAL DEBT REDUCTION\n Next Shareholders' Meeting called.\n Resolutions on the agenda include: proposal to carry forward the entire profit for the year and authorisation of a programme for the buyback and disposal of own shares\n Revenues: €119.8 million(+14.8% vs. €104.4 million in 2023)\n EBITDA: €18.1 million(+23.7% vs. €14.6 million in 2023)\n EBITDA Margin: 15.1%(+1.1 percentage points compared to 14.0% in 2023)\n Adjusted EBITDA*:€18.8 million (+17.2% compared to €16.0 million in 2023)\n Adjusted EBITDA Margin*: 15.7% (+40 basis points from 15.3% in 2023)\n Net profit: € 3.7 million(+67.0% compared to €2.2 million in 2023). Net of amortisation of goodwill: €7.7 million\n Net financial position: improved to -€27.8 million at 31 December 2024(€10 million reduction compared to - €37.8 million at 31 December 2023)\n Adjusted NFP**: -€32.7 million\n * Adjustments mainly relate to integration costs of the CAAR Group business division\n ** Includes cash outflow related to the acquisition of the CAAR Group business division completed on 13 January 2025Valle San Bartolomeo (Alessandria, Italy), 25 March 2025- The Board of Directors of STAR7(EGM: ticker STAR7) met today under the chairmanship of Lorenzo Mondo to examine and approve the Draft Annual Report and Consolidated Financial Statements as at 31 December 2024. STAR7 is a company that provides an integrated range of product-information services, from product and process engineering support to the creation and management of technical and marketing content, translation, printing and virtual experience. The financial statements were prepared in accordance with the Euronext Growth Milan Issuers Regulation and in compliance with Italian accounting standards.\n Lorenzo Mondo, Chairman and Chief Executive Officer of STAR7, commented: \"We achieved a new record turnover in 2024, fully leveraging the potential of the Integrale7business model, which has allowed us to acquire more space in customers' spending budgets by being able to offer a broad and specialised range of services. We have therefore been able ...