Market announcement
Aktsiaselts Silvano Fashion Group
LEI code
529900JNG41RRJKJYB65
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
16758
Attachments
Submission date and time
30.11.2024 23:55:00
Content of announcement in Estonian
Title
Silvano Fashion Group 2024.aasta III kvartali ja 9 kuu konsolideeritud vahearuanne (auditeerimata)
Message
Põhilised finantsnäitajad
Kontserni 2024. aasta 9 kuu (võrrelduna 2023. aasta 9 kuuga) ja 30.09.2024
(võrrelduna 31.12.2023) põhilised finantsnäitajad on järgmised:
-------------------------------------------------------------------------------
tuhandetes eurodes 9 kuud 2024 9 kuud 2023 Muutus
-------------------------------------------------------------------------------
Müügitulu 46 489 46 739 -0,5%
Brutokasum 27 232 28 078 -3,0%
Ärikasum 14 452 16 267 -11,2%
EBITDA 16 724 18 630 -10,2%
Aruandeperioodi puhaskasum 10 705 8 842 21,1%
Puhaskasum, emaettevõtte
omanike osa 9 711 7 912 22,7%
Kasum aktsia kohta (eurodes) 0,27 0,22 22,7%
Äritegevuse rahavoog
perioodil 11 251 15 369 -26,8%
------------------------------------------------------------------------
tuhandetes eurodes 30.09.2024 31.12.2023 Muutus
------------------------------------------------------------------------
Varad kokku 80 299 72 252 11,1%
Käibevarad kokku 67 978 59 395 14,5%
Omakapital kokku, emaettevõtte omanike osa 63 741 54 120 17,8%
Raha ja raha ekvivalendid 40 888 32 878 24,4%
----------------------------------------------------------------------------
Rentaablusanalüüs, % 9 kuud 2024 9 kuud 2023 Muutus
----------------------------------------------------------------------------
Brutokasum 58,6 60,1 -2,5%
Ärikasum 31,1 34,8 -10,6%
EBITDA 36,0 39,9 -9,8%
Puhaskasum 23,0 18,9 21,7%
Puhaskasum, emaettevõtte omanike osa 20,9 16,9 23,7%
--------------------------------------------------------------------------
Finantssuhtarvud, % 30.09.2024 31.12.2023 Muutus
--------------------------------------------------------------------------
ROA 15,1 14,5 4,1%
ROE 19,9 20,2 -1,5%
Hinna/ kasumi suhe 2,9 4,1 -29,3%
Lühiajaliste kohustuste kattekordaja 8,7 5,8 50,0%
Likviidsuskordaja 5,6 3,4 64,7%
Majandustulemused
Kontserni 2024. aasta 9 kuu käive moodustas 46 489 tuhat eurot, vähenedes
eelmise aasta sama perioodiga võrreldes 0,5% võrra. Hulgimüügi käive vähenes
4,9% võrra, mõõdetuna eurodes.
Kontserni 2024. aasta 9 kuu brutokasum oli 27 232 tuhat eurot, vähenedes eelmise
aastaga võrreldes 3,0%. Perioodi brutokasumi marginaal vähenes 2024. aasta 9 kuu
jooksul 2,5% võrra, võrreldes eelmise aasta sama perioodiga. Müüdud toodangu
kulu suurenes 3,2% võrra.
2024. aasta 9 kuu konsolideeritud ärikasum vähenes 11,2% ja ulatus 14 452
tuhande euroni võrreldes 2023. aasta 9 kuu konsolideeritud ärikasumiga summas
16 267 tuhat eurot. 2024. aasta 9 kuu ärikasumi rentaablus oli 31,1% võrreldes
34,8%-ga eelmise aasta samal perioodil. Konsolideeritud EBITDA vähenes 10,2% ja
moodustas 2024. aasta 9 kuuga 16 724 tuhat eurot, mis tähendab 36,0% rentaablust
(18 630 tuhat eurot ja 39,9% eelmise aasta samal perioodil).
Ettevõtte puhaskasum emaettevõtte aktsionäridele moodustas 2024. aasta 9 kuuga
9 711 tuhat eurot võrreldes puhaskasumiga 7 912 tuhat eurot 2023. aasta 9 kuuga,
puhaskasumi marginaal emaettevõtte aktsionäridele moodustas 2024. aasta 9 kuuga
20,9% võrreldes puhaskasumiga 16,9%-ga eelmise aasta samal perioodil.
Finantsseisund
Seisuga 30. september 2024 ulatus kontserni konsolideeritud varade maht 80 299
tuhande euroni, suurenedes 11,1% võrreldes 31. detsembriga 2023.
Võrreldes 31. detsembriga 2023 vähenesid nõuded ostjate vastu ja muud nõuded 16
tuhande euro võrra ja moodustasid 2024. aasta 30. septembri seisuga 1 338 tuhat
eurot. Varude saldo suurenes 647 tuhande euro võrra ning 2024. aasta 30.
september seisuga moodustas 24 587 tuhat eurot.
Emaettevõtte aktsionäride osa omakapitalis suurenes 9 621 tuhande euro võrra,
ulatudes 2024. aasta 30. september seisuga 63 741 tuhande euroni. Lühiajalised
kohustused vähenesid 2024.aasta 9 kuuga 2 483 tuhande euro võrra.
Investeeringud
Kontserni 2024. aasta 9 kuu investeeringute kogumaht materiaalsesse põhivarasse,
tehasesse ja seadmetesse moodustas 830 tuhat eurot, 896 tuhat eurot eelmise
aasta samal perioodil. Investeeringud teostati peamiselt oma poodide avamisse ja
renoveerimisse, samuti seadmetesse ja hoonetesse tootmise efektiivsuse
säilitamiseks tulevastes perioodides.
Personal
2024. aasta 30. septembri seisuga oli kontsernil 1 668 töötajat, neist 514
töötas jaemüügi segmendis. Ülejäänud töötajad tegutsesid tootmise, hulgimüügi-,
haldus- ja tugiteenuste valdkondades. 31.12.2023 seisuga oli 1 626 töötajat,
neist 500 töötas jaemüügi segmendis.
Kontserni 2024. aasta 9 kuu palgakulu koos maksudega oli 10 612 tuhat eurot (9
964 tuhat eurot 2023.aasta 9 kuul). Kontserni juhtkonna võtmeisikute töötasud,
sealhulgas tütarettevõtete võtmeisikute tasud, moodustasid kokku 475 tuhat
eurot.
Juhtimisorganite otsused 2024. aasta 9 kuu jooksul
AS Silvano Fashion Group tegi 19. märtsil 2024 aktsionäridele ettepaneku võtta
vastu aktsionäride erakorralise üldkoosoleku otsused koosolekut kokku kutsumata.
Koosoleku kokkukutsumise teade ilmus 19.03.2024.a. Tallinna Väärtpaberibörsi
kodulehel aadressil
https://view.news.eu.nasdaq.com/view?id=b77cafc430f1ac23a81813069a95a15cd&lang=e
t&src=listed Varssavi Väärtpaberibörsi infosüsteemis, Aktsiaselts Silvano
Fashion Group kodulehel aadressil
https://www.silvanofashion.com/et/investorid/ettevotte-teated/ ja ajalehes
"Eesti Päevaleht".
9. aprillil 2024 toimus AS Silvano Fashion Group aktsionäride erakorraline
üldkoosolek. Koosolekul võeti vastu järgmised otsused:
1.1. Nimetada AS-i Silvano Fashion Group audiitoriks audiitorühing Ernst&Young
Baltic AS (registrikood 10877299, asukohaga Rävala puiestee 4, 10143 Tallinn);
1.2. Volitada AS-i Silvano Fashion Group juhatust sõlmima audiitorühinguga AS-ga
Ernst&Young Baltic audiitorteenuse leping AS-i Silvano Fashion Group 2023.a.
majandustegevuse auditeerimiseks.
29. mail 2024 tegi AS Silvano Fashion Group juhatus tegi aktsionäridele
ettepaneku võtta vastu aktsionäride otsused koosolekut kokku kutsumata.
Teade otsuste eelnõudega ilmus 29.05.2024.a. Tallinna Väärtpaberibörsi kodulehel
aadressil
https://nasdaqbaltic.com/statistics/et/instrument/EE3100001751/news?date=2024-
06-18 ja Varssavi Väärtpaberibörsi infosüsteemis ning 29.05.2024.a. ajalehes
"Eesti Ekspress" ja Aktsiaselts Silvano Fashion Group kodulehel aadressil
https://www.silvanofashion.com/et/investorid/ettevotte-teated/.
20. juunil 2024 toimus AS Silvano Fashion Group aktsionäride korraline
üldkoosolek. Koosolekul võeti vastu järgmised otsused:
1. Kinnitada Aktsiaseltsi Silvano Fashion Group 2023. a majandusaasta aruanne.
2. Jätta puhaskasum jaotamata ning arvata 2023. aasta majandusaasta puhaskasum
jaotamata kasumi hulka.
AS Silvano Fashion Group aktsionäride korralise üldkoosoleku protokoll on
avaldatud kodulehel https://silvanofashion.com/wp-content/uploads/SFG-
aktsionaride-otsuste-haaletusprotokoll.pdf.
Konsolideeritud finantsseisundi aruanne
--------------------------------------------------------------------------------------
tuhandetes eurodes Lisad 30.09.2024 31.12.2023
--------------------------------------------------------------------------------------
Auditeerimata Auditeeritud
--------------------------------------------------------------------------------------
VARAD
Käibevara
Raha ja rahalähendid 2 40 888 32 878
Nõuded ostjate vastu ja muud nõuded 3 1 338 1 354
Ettemaksed ja muud maksunõuded 3 1 082 1 115
Antud lühiajalised laenud 0 29
Muud varad 83 79
Varud 4 24 587 23 940
Käibevara kokku 67 978 59 395
Põhivara
Pikaajalised nõuded 278 292
Investeeringud sidusettevõtetesse 99 85
Investeeringud muudesse osadesse ja
aktsiatesse 211 213
Edasilükkunud tulumaksuvara 2 292 2 155
Immateriaalne põhivara 637 579
Kinnisvarainvesteeringud 852 899
Materiaalne põhivara 5 7 952 8 634
Põhivara kokku 12 321 12 857
VARAD KOKKU 80 299 72 252
KOHUSTUSED JA OMAKAPITAL
Lühiajalised kohustused
Lühiajalised rendikohustused 629 2 162
Võlad tarnijatele ja muud
võlad 6 4 933 7 377
Maksukohustised 2 241 747
Lühiajalised kohustused kokku 7 803 10 286
Pikaajalised kohustused
Edasilükkunud tulumaksukohustis 730 736
Pikaajalised rendikohustused 4 920 4 321
Pikaajalised eraldised 45 46
Pikaajalised kohustused kokku 5 695 5 103
Kohustused kokku 13 498 15 389
Omakapital
Aktsiakapital 7 3 600 3 600
Ülekurss 4 967 4 967
Kohustuslik reservkapital 1 306 1 306
Realiseerimata kursivahed -20 092 -20 002
Jaotamata kasum 73 960 64 249
Omakapital kokku, emaettevõtte omanike osa 63 741 54 120
Vähemusosalus 3 060 2 743
Omakapital kokku 66 801 56 863
OMAKAPITAL JA KOHUSTUSED KOKKU 80 299 72 252
Konsolideeritud kasumiaruanne
-----------------------------------------------------------------------------------
III kvartal III kvartal
tuhandetes eurodes Lisad 2024 2023 9 kuud 2024 9 kuud 2023
-----------------------------------------------------------------------------------
Auditeerimata Auditeerimata Auditeerimata Auditeerimata
-----------------------------------------------------------------------------------
Kliendilepingutest
saadav tulu 9 16 344 15 332 46 489 46 739
Müüdud toodangu
kulu -6 301 -6 091 -19 257 -18 661
Brutokasum 10 043 9 241 27 232 28 078
Turustuskulud -2 950 -2 517 -8 723 -8 071
Üldhalduskulud -1 086 -1 026 -3 540 -3 303
Muud äritulud 71 78 178 194
Muud ärikulud -188 -190 -695 -631
Ärikasum 5 890 5 586 14 452 16 267
Tulu/(kulu)
valuutakursi
muutustest -1 280 -991 -415 -3 582
Muud
finantstu/(kulu) 329 -1 401 -186
Finantstulud /(-
kulud) kokku -951 -992 -14 -3 768
Kasum (kahjum)
sidusettevõtetest
kapitaliosaluse
meetodil 2 7 16 19
Kasum enne tulumaksu 4 941 4 601 14 454 12 518
Tulumaksukulu -2 022 -1 181 -3 749 -3 676
Aruandeperioodi
kasum 2 919 3 420 10 705 8 842
Sealhulgas:
Emaettevõte
omanike osa 2 658 3 140 9711 7 912
Vähemusosaluse
osa 261 280 994 930
Tava- ja
lahustatud kasum
emaettevõtte
omanike aktsia
kohta (eurodes) 0,07 0,09 0,27 0,22
Konsolideeritud
koondkasumiaruanne
-----------------------------------------------------------------------------------
III kvartal III kvartal
tuhandetes eurodes Lisad 2024 2023 9 kuud 2024 9 kuud 2023
-----------------------------------------------------------------------------------
Auditeerimata Auditeerimata Auditeerimata Auditeerimata
-----------------------------------------------------------------------------------
Aruandeperioodi
kasum 2 919 3 420 10 705 8 842
Muu koondkasum
(kahjum), mida võib
hiljem
kasumiaruandesse
ümber
klassifitseerida:
Kursivahede mõju
välismaiste
äriüksuste tulemuste
ümberarvestamisele -563 -672 -157 -2 055
Aruandeperioodi muu
koondkasum -563 -672 -157 -2 055
Perioodi
koondkasum
(kahjum) kokku 2 356 2 748 10 548 6 787
Sealhulgas:
Emaettevõtte
omanike osa 2 308 2 612 9 621 5 224
Vähemusosaluse
osa 48 136 927 1 563
Konsolideeritud rahavoogude aruanne
-------------------------------------------------------------------------------
tuhandetes eurodes 9 kuud 9 kuud
Lisad 2024 2023
-------------------------------------------------------------------------------
Auditeerimata Auditeerimata
-------------------------------------------------------------------------------
Rahavood äritegevusest
Aruandeaasta kasum 10 705 8 842
Korrigeerimised:
Põhivara kulum 2 272 2 363
Kasum kapitaliosaluse meetodil kajastatud
investeeringutelt -16 -19
Kasum/kahjum materiaalse põhivara müügist 7 -3
Finantstulud/-kulud kokku 14 3 768
Ebatõenäoliselt laekuvate arvete eraldis -1 -3
Varude eraldis 2 3
Tulumaksukulu 3 749 3 676
Varude muutus -647 1 387
Muutused nõuetes ostjate vastu ja muudes
nõuetes, ettemaksetes ja muudes maksunõuetes 16 -507
Muutused võlgades tarnijatele ja muudes
võlgades -2 021 -1 067
Makstud tulumaks -2 829 -3 071
Rahavood äritegevusest kokku 11 251 15 369
Rahavood investeerimistegevusest
Saadud intressid 997 331
Saadud dividendid 8 11
Materiaalse põhivara müük 21 9
Väljaantud laenud 0 -23
Väljaantud laenude tagasimaksed 29 0
Materiaalse põhivara soetamine -830 -896
Immateriaalse põhivara soetamine -112 -123
Rahavood investeerimistegevusest kokku 113 -691
Rahavood finantseerimistegevusest
Saadud laenud 4 000 0
Saadud laenude tagasimaksed -4 000 0
Rendikohustiste põhiosamaksed -1 659 -1 689
Rendikohustistelt tasutud intress -553 -521
Makstud dividendid -610 -707
Rahavood finantseerimistegevusest kokku -2 822 -2 917
Raha ja rahalähendite muutus 8 542 11 761
Raha ja rahalähendid perioodi alguses 2 32 878 25 909
Esitusvaluutasse ümberarvestamise mõju -404 -4 891
Valuutakursside muutuste mõju rahavoogudele -128 510
Raha ja rahalähendid perioodi lõpus 40 888 33 289
AS Silvano Fashion Group
Tel: +372 6845 000
Email: [email protected]
Content of announcement in English
Title
Silvano Fashion Group Consolidated Interim Financial Report for Q3 and 9m of 2024 (unaudited)
Message
Selected Financial Indicators
Summarized selected financial indicators of the Group for 9 months of 2024
compared to 9 months of 2023 and 30.09.2024 compared to 31.12.2023 were as
follows:
-------------------------------------------------------------------------------
in thousands of EUR 09m 2024 09m 2023 Change
-------------------------------------------------------------------------------
Revenue 46 489 46 739 -0.5%
Gross Profit 27 232 28 078 -3.0%
Operating profit 14 452 16 267 -11.2%
EBITDA 16 724 18 630 -10.2%
Net profit for the period 10 705 8 842 21.1%
Net profit attributable equity holders of the
Parent company 9 711 7 912 22.7%
Earnings per share (EUR) 0,27 0,22 22.7%
Operating cash flow for the period 11 251 15 369 -26.8%
-------------------------------------------------------------------------------
in thousands of EUR 30.09.2024 31.12.2023 Change
-------------------------------------------------------------------------------
Total assets 80 299 72 252 11.1%
Total current assets 67 978 59 395 14.5%
Total equity attributable to equity holders of
the Parent company 63 741 54 120 17.8%
Cash and cash equivalents 40 888 32 878 24.4%
-------------------------------------------------------------------------------
Margin analysis, % 09m 2024 09m 2023 Change
-------------------------------------------------------------------------------
Gross profit 58.6 60.1 -2.5%
Operating profit 31.1 34.8 -10.6%
EBITDA 36.0 39.9 -9.8%
Net profit 23.0 18.9 21.7%
Net profit attributable to equity holders of the
Parent company 20.9 16.9 23.7%
-------------------------------------------------------------------------------
Financial ratios, % 30.09.2024 31.12.2023 Change
-------------------------------------------------------------------------------
ROA 15.1 14.5 4.1%
ROE 19.9 20.2 -1.5%
Price to earnings ratio (P/E) 2.9 4.1 -29.3%
Current ratio 8.7 5.8 50.0%
Quick ratio 5.6 3.4 64.7%
Financial performance
The Group`s sales amounted 46 489 thousand EUR during 9 months of 2024,
representing a 0.5% decrease as compared to the same period of previous year.
Overall, wholesale decreased by 4.9%, measured in EUR.
The Group's gross profit during 9 months of 2024 amounted to 27 232 thousand EUR
and decrease by 3.0% compared to previous year. The gross margin during 9 months
of 2024 decreased by 2.5% compared to 9 months of 2023. The cost of sold goods
increased by 3.2%.
Consolidated operating profit for 9 months of 2024 amounted to 14 452 thousand
EUR, compared to 16 267 thousand EUR for 9 months of 2023, decrease by 11.2%.
The consolidated operating profit margin was 31.1% for 9 months of 2024 (34.8%
for 9 months of 2023). Consolidated EBITDA for 9 months of 2024 decreased by
10.2% and amounted to 16 724 thousand EUR, which is 36.0% in margin terms (18
630 thousand EUR and 39.9% for 9 months of 2023).
Reported consolidated net profit attributable to equity holders of the Parent
company for 9 months of 2024 amounted 9 711 thousand EUR, compared to net profit
of 7 912 thousand EUR for 9 months of 2023, net profit margin attributable to
equity holders of the Parent company for 9 months of 2024 was 20.9% against net
profit 16.9% for 9 months of 2023.
Financial position
As of 30 September 2024 consolidated assets amounted to 80 299 thousand EUR
representing increase by 11.1% as compared to the position as of 31 December
2023.
Trade and other receivables decreased by 16 thousand EUR as compared to 31
December 2023 and amounted to 1 338 thousand EUR as of 30 September
2024. Inventory balance increased by 647 thousand EUR and amounted to
24 587 thousand EUR as of 30 September 2024.
Equity attributable to equity holders of the Parent company increased by 9 621
thousand EUR and amounted to 63 741 thousand EUR as of 30 September
2024. Current liabilities decreased by 2 483 thousand EUR during 9 months of
2024.
Investments
During 9 months of 2024 the Group's investments into property, plant and
equipment totalled 830 thousand EUR, in previous year same period 896 thousand
EUR. Investments were made mainly into opening and renovating own stores, as
well into equipment and facilities to maintain effective production for future
periods.
Personnel
As of 30 September 2024, the Group employed 1 668 employees, including 514
people in retail operations. The rest were employed in production, wholesale,
administration and support operations. In 31.12.2023 there were 1 626 employees,
including 500 people in retail operations.
Total salaries and related taxes during 9 months of 2024 amounted 10 612
thousand EUR ( 9 964 thousand EUR in 9 months 2023). The remuneration of key
management of the Group, including the key executives of all subsidiaries,
totalled 475 thousand EUR.
Decisions made by governing bodies during 09 months 2024
On the 19th of March 2024, the AS Silvano Fashion Group proposed to the
shareholders to adopt the resolution of the extraordinary general meeting of
shareholders stated below without convening the meeting.
The notice of the general meeting was published on March 19, 2024, in the
information system NASDAQ OMX
Tallinn https://view.news.eu.nasdaq.com/view?id=b77cafc430f1ac23a81813069a95a15c
d&lang=en
(https://www.globenewswire.com/Tracker?data=MWyEV7h89lAqde0b6xHNjHVNvjAEUTQde5hn
y6Rf3JAFSQP0itB3axgnzj9YS-iaHJGVu5ZtzLG6R4DnvTRHsT6FnwwWqtPoPkbqCSVb6Ba11_UUH-
5PMRsP-
WNmrndng1gfiw6bnp0V5N1oImDT_BcHdYgOGHmgIOh7EN3HtpdCfTrm4J0Pqx_MdtikKPI_t6Cted4zB
4YqcPOJyPOWLJMrkYiq6TDFPJibJw7czYX7RPKEE_RjYTlIEy53Q3C9) and Warsaw Stock
Exchange, on the website of
SFG https://www.silvanofashion.com/investors/company-announcements/
(https://www.globenewswire.com/Tracker?data=MWyEV7h89lAqde0b6xHNjH0LRcJRFDG_DQcL
mJEZP-IxDxeWBEuKhih4s_GCk39PkIJkedwQWrg1oJ-
HkS1AFAiU_vxocHhNbJtHG2x00KXFgrufzQeafChRa_ghm0b8wbqvdZe4K5lGfTZDrRlB-vV4yOYD-
Eu07QP177hE3Y-4zVgjtpMjeWYnW16KsmZeLxu8BRL9lz4i87XPoAkzQg==) and in the
newspaper Eesti Päevaleht.
On April 9, 2024 Silvano Fashion Group Extraordinary Meeting of Shareholders
adopted the following decisions:
1.1. To appoint the auditing company Ernst & Young Baltic AS (registry code
10877299, located at Rävala puiestee 4, 10143 Tallinn) as the auditor of AS
Silvano Fashion Group;
1.2. To authorize the Management Board of AS Silvano Fashion Group to enter into
an audit service agreement with the auditing company AS Ernst & Young Baltic for
auditing the economic activities of AS Silvano Fashion Group 2023.
On the 29th of May 2024, AS Silvano Fashion Group proposed to the shareholders
to adopt the resolutions of the annual general meeting of shareholders without
convening the meeting.
The notice of the general meeting was published on May 29, 2024, in the
information system NASDAQ OMX Tallinn
https://view.news.eu.nasdaq.com/view?id=bc1ccceca27a9390039f730c2b2b98136&lang
=en&src=listed
and Warsaw Stock Exchange, on the website of SFG
https://www.silvanofashion.com/investors/company-announcements/ and in the
daily newspaper Eesti Ekspress.
On June 20, 2024 Silvano Fashion Group held its regular Annual General Meeting
of Shareholders. The Meeting adopted the following decisions:
1. To approve the 2023 Annual Report;
2. To left the net profit undistributed and to include the net profit of the
financial year 2023 in retained earnings.
The decisions of the general meeting were published on the website of AS Silvano
Fashion Group https://www.silvanofashion.com/investors/company-
announcements/
(https://www.globenewswire.com/Tracker?data=eqSvB9FOkm2SGnLhlyRqsUdtOHk18ftuqW7m
_BJ0KJyow4LIfcGFs-
4YoDMKBvcg4mtXZqcgvDDiXxghkxBh50oXe0tnt2toW_vOwXjGvfXV9SjkeRJavBavUEvzQsHZMzg9nD
uFZHClq1_7e-
anBBL6k4lsZCaz2w3tuxnhy0HPb57uqrYj_ngy3LxIWOihCCBz0_SzHHqnFzzG1Z0TkdFtuQ0lsIDCje
ITPyhTwYpbv8SglqkMjn5-k7uk9EhqmDBFXeKBCO8wGpDb8zhXU1vtwUw-phxoJM6RUqkg4cJE2EYze-
49950OcS7oRfiAG-
JA36eDcpihL2YYD2tKlYY7vd9MEpK4JAV35rb_XdPbTsxUEee22Ch2cOVoNdrD7qv9r2_CinNcYm3G7J
bTte_cGyDhKJ7iT9_KCfaJuQstDPQ0ngm3cv9EacHKREOPnnHGJZ3CgfYNP4EVlVqRwA==).
Consolidated Statement of Financial Position
-------------------------------------------------------------------------------
in thousands of EUR Note 30.09.2024 31.12.2023
-------------------------------------------------------------------------------
Unaudited Audited
ASSETS
Current assets
Cash and cash equivalents 2 40 888 32 878
Trade and other receivables 3 1 338 1 354
Prepayments and other tax receivables 3 1 082 1 115
Current loans granted 0 29
Other assets 83 79
Inventories 4 24 587 23 940
Total current assets 67 978 59 395
Non-current assets
Non-current receivables 278 292
Investments in associates 99 85
Investments in other shares 211 213
Deferred tax asset 2 292 2 155
Intangible assets 637 579
Investment property 852 899
Property, plant and equipment 5 7 952 8 634
Total non-current assets 12 321 12 857
TOTAL ASSETS 80 299 72 252
LIABILITIES AND EQUITY
Current liabilities
Current lease liabilities 629 2 162
Trade and other payables 6 4 933 7 377
Tax liabilities 2 241 747
Total current liabilities 7 803 10 286
Non-current liabilities
Deferred tax liability 730 736
Non-current lease liabilities 4 920 4 321
Non-current provisions 45 46
Total non-current liabilities 5 695 5 103
Total liabilities 13 498 15 389
Equity
Share capital 7 3 600 3 600
Share premium 4 967 4 967
Statutory reserve capital 1 306 1 306
Unrealised exchange rate differences -20 092 -20 002
Retained earnings 73 960 64 249
Total equity attributable to equity holders of the
Parent company 63 741 54 120
Non-controlling interest 3 060 2 743
Total equity 66 801 56 863
TOTAL EQUITY AND LIABILITIES 80 299 72 252
Consolidated Income Statement
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in thousands of EUR Note 3Q 2024 3Q 2023 09m 2024 09m 2023
-------------------------------------------------------------------------------
Unaudited Unaudited Unaudited Unaudited
Revenue from contracts with
customers 9 16 344 15 332 46 489 46 739
Cost of goods sold -6 301 -6 091 -19 257 -18 661
Gross Profit 10 043 9 241 27 232 28 078
Distribution expenses -2 950 -2 517 -8 723 -8 071
Administrative expenses -1 086 -1 026 -3 540 -3 303
Other operating income 71 78 178 194
Other operating expenses -188 -190 -695 -631
Operating profit 5 890 5 586 14 452 16 267
Currency exchange
income/(expense) -1 280 -991 -415 -3 582
Other finance income/(expenses) 329 -1 401 -186
Net finance income -951 -992 -14 -3 768
Profit (loss) from associates
using equity method 2 7 16 19
Profit before tax 4 941 4 601 14 454 12 518
Income tax expense -2 022 -1 181 -3 749 -3 676
Profit for the period 2 919 3 420 10 705 8 842
Attributable to :
Equity holders of the Parent
company 2 658 3 140 9 711 7 912
Non-controlling interest 261 280 994 930
Earnings per share from profit
attributable to equity holders of
the Parent company, both basic
and diluted (EUR) 0,07 0,09 0,27 0,22
Consolidated Statement of Comprehensive Income
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in thousands of EUR Note 3Q 2024 3Q 2023 09m 2024 09m 2023
-------------------------------------------------------------------------------
Unaudited Unaudited Unaudited Unaudited
Profit for the period 2 919 3 420 10 705 8 842
Other comprehensive income (loss)
that will be reclassified to
profit or loss in subsequent
periods:
Exchange differences on translation of
foreign operations -563 -672 -157 -2 055
Total other comprehensive income
for the period -563 -672 -157 -2 055
Total comprehensive income (loss)
for the period 2 356 2 748 10 548 6 787
Attributable to :
Equity holders of the Parent
company 2 308 2 612 9 621 5 224
Non-controlling interest 48 136 927 1 563
Consolidated Statement of Cash Flows
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in thousands of EUR Note 09m 2024 09m 2023
-------------------------------------------------------------------------------
Unaudited Unaudited
Cash flow from operating activities
Profit for the period 10 705 8 842
Adjustments for:
Depreciation and amortization of non-current assets 2 272 2 363
Share of profit of equity accounted investees -16 -19
Gains/Losses on the sale of property, plant and
equipment 7 -3
Net finance income / costs 14 3 768
Provision for impairment losses on trade
receivables -1 -3
Provision for inventories 2 3
Income tax expense 3 749 3 676
Change in inventories -647 1 387
Change in trade and other receivables 16 -507
Change in trade and other payables -2 021 -1 067
Income tax paid -2 829 -3 071
Net cash flow from operating activities 11 251 15 369
Cash flow from investing activities
Interest received 997 331
Dividends received 8 11
Proceeds from disposal of property, plant and
equipment 21 9
Loans granted 0 -23
Proceeds from repayments of loans granted 29 0
Acquisition of property, plant and equipment -830 -896
Acquisition of intangible assets -112 -123
Net cash flow from investing activities 113 -691
Cash flow from financing activities
Proceeds from borrowings 4 000 0
Repayment of borrowings -4 000 0
Payment of principal portion of lease liabilities -1 659 -1 689
Interest paid on lease liabilities -553 -521
Dividends paid -610 -707
Net cash flow from financing activities -2 822 -2 917
Net increase in cash and cash equivalents 8 542 11 761
Cash and cash equivalents at the beginning of period 2 32 878 25 909
Effect of translation to presentation currency -404 -4 891
Effect of exchange rate fluctuations on cash held -128 510
Cash and cash equivalents at the end of period 40 888 33 289
AS Silvano Fashion Group
Phone: +372 6845 000
Email: [email protected]