The shareholders’ meeting of Marr Spa approved the financial statements as of 31 December 2023. The Group closes the 2023 financial year with total consolidated revenues of 2,085.5 million euros with a growth of 155.0 million compared to 1,930.5 million in 2022.
Operating profitability is recovering with the consolidated Ebitda for the 2023 financial year which stands at 123.1 million euros (82.1 million in 2022) and the Ebit which is equal to 84.9 million (46.2 million in 2022).
The consolidated net result is 47.1 million euros and in comparison with the 26.6 million of 2022, it is affected by higher net financial charges of 9.7 million due to the increase in the cost of money starting from the second half of 2022.
The Commercial Net Working Capital (CCN) at 31 December 2023 amounted to 170.6 million euros and is positioned at levels similar to those of the previous financial year (169.1 million at 31 December 2022) with a consequent improvement in the incidence of CCN on Total Revenues, the increase of which is 155.0 million.
Net financial debt as of 31 December 2023 is 223.4 million euros and compares with 217.6 million in 2022. Net of the effects of the application of the accounting standard IFRS 16, the Net Financial Position at the end of the 2023 financial year stands at 141.8 million and compared to 138.3 million at 31 December 2022 is affected by net investments of 26.6 million, of which 17.4 million relating to the new distribution center in Lombardy whose activation is expected from the second quarter of 2024.
Consolidated net equity as of 31 December 2023 is equal to 355.5 million euros (341.5 million in 2022) and includes a share premium reserve of 11.4 million euros relating to the purchase of 971,760 treasury shares at an average price of 12.28 euros and equal to approximately 1.5% of the capital Social.
The parent company Marr SpA closes the 2023 financial year with 1,969.4 million euros in total revenues (1,823.9 million in 2022) and a net result of 44.9 million euros (25.4 million in 2022).
The meeting resolved the distribution of a gross dividend of 0.60 euros (0.38 euros the previous year) with “coupon detachment” (n.19) on 20 May 2024, record date on 21 May and payment on 22 May. The undistributed profit, the amount of which will be determined based on the treasury shares in portfolio upon distribution of the coupon, is set aside as a reserve.
