Financial results

FY 2022 consolidated results

Consolidated Income Statement Data
(Thousands of euro)	2022	2021
Total net sales	250,265	190,198
Gross profit	110,695	81,028
% on sales	44.2%	42.6%
Operating income	41,172	22,252
% on sales	16.5%	11.7%
EBITDA	56,734	35,845
% on sales	22.7%	18.8%
Income before taxes	24,457	22,093
% on sales	9.8%	11.6%
Group net income	12,350	12,797
% on sales	4.9%	6.7%

Consolidated Balance Sheet Data
(Thousands of euro)	December 31, 2022	December 31, 2021
Group shareholders' equity	264,053	253,520
Net financial position	64,291	74,801

STRONG GROWTH IN REVENUES AND EXCELLENT OPERATING PERFORMANCE, DESPITE THE PRESENCE OF SOME NON-RECURRING COSTS

Consolidated revenues equal to €250.3 million in FY 2022, up by 31.6% compared to €190.2 million in FY 2021
Consolidated gross profit equal to €110.7 million (44.2% of revenues) in FY 2022, up by 36.6% compared to €81 million (42.6% of revenues) in FY 2021
Consolidated operating income equal to €41.2 million in FY 2022, almost doubled compared to €22.3 million in FY 2021
Consolidated EBITDA equal to €56.7 million (22.7% of revenues) in FY 2022, showing a strong growth compared to €35.8 million (18.8% of revenues) in FY 2021
Result of the year penalized by the performance of financial markets in the first nine months of the year
Consolidated result equal to €12.4 million in FY 2022, unchanged compared to €12.8 million in FY 2021
Consolidated net financial position positive and equal to €64.3 million, significantly improved compared to €53.1 million as at September 30, 2022
Proposed a dividend of €0.55 per ordinary share and €0.761464 per savings share
Consolidated revenues equal to €39.8 million in the first two months of 2023, up by 4.4% compared to €38.2 million in the first two months of 2022