From GlobeNewswire: 2024-05-18 16:59:00

The financial indicators for the group in the first quarter of 2024 compared to the first quarter of 2023 showed a decrease in sales revenue by 1.7%, with a net profit margin increase of 56.2% for the period ending March 31, 2024. The group’s consolidated assets increased by 8.0% to 78,038 thousand euros as of March 31, 2024, compared to December 31, 2023. The return on assets (ROA) for the first quarter of 2024 was 15.2%, an improvement of 4.8% over the previous year’s first quarter.

In the first quarter of 2024, the Silvano Fashion Group reported a decrease in turnover by 1.7%, gross profit by 4.1%, and operating profit by 10.5%. The company’s EBITDA decreased by 9.7%, and net profit margin for the period increased by 58.0%. The consolidated assets of the company increased by 8.0% to 78,038 thousand euros as of March 31, 2024, compared to December 31, 2023.

The company’s consolidated net profit for the first quarter of 2024 was 2,916 thousand euros, an increase of 56.2% compared to the same period in 2023. The group’s operating cash flow for the period was 1,753 thousand euros, a significant decrease of 57.6% compared to the first quarter of 2023. The total investment in tangible fixed assets, factories, and equipment for the first quarter of 2024 was 278 thousand euros.



Read more at GlobeNewswire: Silvano Fashion Group 2024.aasta I kvartali konsolideeritud