Development of the Italmobiliare Group continues: growth at a consolidated level in both revenue (+14.1%) and Ebitda (+50%)
During the first nine months of the year, the Italmobiliare Group has turned in positive trends linked to the development and continuous improvement in the efficiency of the Portfolio Companies. The Group's consolidated revenue comes to 418.5 million euro, up 14.1% compared with the same period of 2022, mainly due to the positive contribution of Caffè Borbone, Casa della Salute and Officina Profumo-Farmaceutica di Santa Maria Novella, as well as the inclusion of SIDI Sport in the scope of consolidation.
The gross operating profit (66.7 million euro) is up by 50% compared with the same period last year, mainly thanks to excellent performances on the part of Caffè Borbone, Officina Profumo-Farmaceutica di Santa Maria Novella and Italgen.
On the ESG front, the Group is further refining its decarbonisation strategy. Last March, membership of the Science Based Targets initiative was formalised, when Italmobiliare took a commitment to set and pursue short- and long-term objectives for the reduction of greenhouse gas emissions in line with the net-zero scenario. The final phase of defining the decarbonisation objectives for 2030 is underway and will be sent to a team of experts at the Science Based Target initiative for validation by the end of the year: with different methods and according to the challenging protocols that are envisaged, the objectives involve over 70% of the Net Asset Value and almost 100% of the Group's carbon footprint.
The Net Asset Value of Italmobiliare S.p.A., excluding treasury shares, is equal to 2,068.6 million euro (2,029.1 million euro at December 31, 2022); considering the distribution of 29.5 million euro of dividends during the first half of the year, the net performance is positive for 69.0 million euro.
The net financial position of Italmobiliare S.p.A. is positive, showing an increase of 2.5 million euro, going from 151.5 million euro at December 31, 2022 to 154.0 million euro
PERFORMANCE OF THE MAIN GROUP COMPANIES
The information contained in the table refers to the financial statements of the individual Group companies regardless of the date of acquisition of control by Italmobiliare.
n.a. = not available
n.s. = not significant