Ratti S.p.A.

RAT

IT0004724107

Apparel & Accessories

Real-time Borsa Italiana Other stock markets 11:44:59 2024-04-29 am EDT			5-day change	1st Jan Change
1.99 ^EUR	0.00%		+2.05%	-26.30%

Apr. 05	Mib in the red; banks and financials trailing	AN
Apr. 02	Mib rises 38,800; oil companies Eni and Saipem do well	AN

Ratti does not adjust dividend despite 2022 profit decline

March 22, 2023 at 09:44 am EDT

(Alliance News) - Ratti Spa reported Wednesday that 2022 revenues rose year-on-year to EUR88.6 million from EUR78.5 million in the previous year.

The 2022 highlights the increase in sales, which was widespread across all the different

business areas. In particular, the increase was driven by the performance of the Carnet Clusters, which reported sales up EUR2.9 million or 33 percent; Luxe, up EUR2.6 million or 6.3 percent; Rainbow, up EUR2.1 million or 19 percent; Furniture, up EUR1.2 million or 28 percent; Art, up EUR900,000 or 78 percent; and Studio, up EUR800,000 or 7.1 percent.

Sales performance by geographical area shows revenue growth in European countries, mainly driven by the French market, in the Italian and U.S. markets.

Ebitda dropped slightly to EUR8.0 million from EUR8.3 million in the previous year. The increase in revenues almost completely offset both the significant increase in input prices and the increased costs of the company's facilities, which, no longer impacted by the constraints associated with managing the spread of the 2021 coronavirus variants, returned to an ordinary level of activity.

Operating income fell to EUR3.3 million from EUR4.0 million, and net income fell to EUR2.6 million from EUR2.9 million.

Despite the drop in net income, the proposed dividend remains unchanged at EUR0.10, the same as that distributed last year.

Net financial position is negative EUR5.2 million, down EUR5.2 million from December 31, 2021. The decrease in NFP was mainly influenced by the increase in inventories of EUR9.4 million, an effect of both the increase in raw material prices and the policy of preparing safety stocks of strategic materials, partially mitigated by the increase in non-financial current liabilities of EUR5.4 million, with a net negative impact of EUR4.0 million. Cash generated from operations before change in NCC amounted to EUR7.9 million from EUR8.6 million in 2021.

Ratti's stock is on par at EUR2.87 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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Latest news about Ratti S.p.A.

Mib in the red; banks and financials trailing	Apr. 05	AN
Mib rises 38,800; oil companies Eni and Saipem do well	Apr. 02	AN
Mib up; Intesa at new annual high	Apr. 02	AN
Ratti closes 2023 with a loss and rising revenues	Mar. 21	AN
Ratti S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 20	CI
Ratti increases revenues in nine months; Zampetti named new CFO	Nov. 14	AN
Ratti S.p.A. Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-27	CI
Ratti, loss narrows and revenues increase in the first half of the year	23-09-27	AN
Restart leading; algoWatt the worst	23-08-08	AN
Tax on extra profits sinks Piazza Affari	23-08-08	AN
Europeans flat; Casta Diva bullish after dividend	23-07-14	AN
Venezuela presidential opposition hopefuls call for unity, private investment	23-07-12	RE
Restart at the top; Conafi on the bottom	23-07-12	AN
Ratti and Brioschi good; Bioera trailing.	23-06-26	AN
Ratti's revenues grow in double digits in first three months of 2023	23-05-11	AN
Futures in green; wait for U.S. inflation	23-05-10	AN
Mib falls over 27,300; purchases on Banco BPM	23-05-09	AN
Assicurazioni Generali, shareholders' meeting appoints new board of statutory auditors	23-04-28	AN
Generali Expects Improved Capital Position at End of First Quarter	23-04-28	DJ
Bioera rises; Eems at bottom	23-04-19	AN
Futures bullish in wake of assets in Asia	23-04-17	AN
Mib in surplus driven by banks; euro retreats	23-04-14	AN
Stock exchanges in the green; good buying with Stellantis	23-04-11	AN
Ratti does not adjust dividend despite 2022 profit decline	23-03-22	AN
Squares bearish; Nagel pushes for rate hike	23-03-22	AN

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Company Profile

Ratti SpA is an Italy-based company engaged in the textile industry. The Company is primarily active in the production and marketing of printed, plain and yarn dyed fabrics for clothing articles, such as shirts, ties, underwear and beachwear, as well as for furnishings. It is also involved in the development and distribution of accessories for men and women, including ties, scarves and foulards, among others. The Company operates through a production plant located in the Italian province of Coma. It structures its business into four main segments: The Women segment includes fabrics for women's clothing, footwear and bags; The Men segment consists of fabrics for ties and man shirts; The Finished Products segment comprises accessories for men and women, and the Furnishings segment includes plain and printed fabrics for upholstery. The Companyâs subsidiaries include Collezioni Grandi Firme SpA, Creomoda Sarl, Ratti USA Inc, Ratti International Trading Co Ltd and Textrom Srl.

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Apparel & Accessories

Calendar

2024-09-23 - Q2 2024 Earnings Release (Projected)

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