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Financial 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
 
  • Consolidated net revenues equal to €59.2 million, up by 44.1% compared to €41 million in 1Q 2021 still penalized by the pandemic
  • Consolidated net revenues up by 11.5% compared to €53.1 million in 4Q 2021
  • Consolidated gross profit equal to €26 million, compared to €15.9 million in 1Q 2021 (€23.3 million in 4Q 2021)
  • Gross margin up from 38.8% to 44% in 1Q 2022 (43.9% in 4Q 2021)
  • Consolidated operating income equal to €10.3 million, compared to €2.2 million in 1Q 2021 (€5.6 million in 4Q 2021)
  • 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
  • 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
  • Consolidated net financial position positive and equal to €71 million as at March 31, 2022
  • Due diligence for the acquisition of 100% of SAES RIAL Vacuum S.r.l. completed
Financial results

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