Financial results
1Q 2022 consolidated results
1Q 2022 consolidated results
Consolidated Income Statement Data | ||
(Thousands of euro) |
1Q 2022 |
1Q 2021 |
Total net sales | 59,156 | 41,038 |
Gross profit | 26,032 | 15,915 |
% on sales | 44.0% | 38.8% |
Operating income | 10,254 | 2,238 |
% on sales | 17.3% | 5.5% |
EBITDA | 13,683 | 5,007 |
% on sales | 23.1% | 12.2% |
Income before taxes | 4,320 | 2,490 |
% on sales | 7.3% | 6.1% |
Group net income | 1,869 | 1.381 |
% on sales | 3.2% | 3.4% |
Consolidated Balance Sheet Data | ||
(Thousands of euro) | March 31, 2022 | December 31, 2021 |
Group shareholders' equity | 258,327 | 253,799 |
Net financial position | 71,014 | 74,801 |
STRONG ORGANIC GROWTH IN CONSOLIDATED REVENUES AND IN ALL OPERATING INDICATORS COMPARED TO BOTH 1Q 2021 AND 4Q 2021
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Consolidated net revenues equal to €59.2 million, up by 44.1% compared to €41 million in 1Q 2021 still penalized by the pandemic
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Consolidated net revenues up by 11.5% compared to €53.1 million in 4Q 2021
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Consolidated gross profit equal to €26 million, compared to €15.9 million in 1Q 2021 (€23.3 million in 4Q 2021)
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Gross margin up from 38.8% to 44% in 1Q 2022 (43.9% in 4Q 2021)
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Consolidated operating income equal to €10.3 million, compared to €2.2 million in 1Q 2021 (€5.6 million in 4Q 2021)
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Consolidated EBITDA equal to €13.7 million (23.1%), compared to €5 million in 1Q 2021 (12.2%) and €10.4 million (19.6%) in 4Q 2021
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Consolidated net income equal to €1.9 million, heavily penalized by the negative performance of securities portfolio (-€5.5 million) due to the Ukraine-Russia crisis
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Consolidated net financial position positive and equal to €71 million as at March 31, 2022
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Due diligence for the acquisition of 100% of SAES RIAL Vacuum S.r.l. completed

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