Market announcement
AS 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
9586
Attachments
Submission date and time
20.05.2022 16:00:00
Content of announcement in Estonian
Title
Silvano Fashion Group 2022.aasta I kvartali konsolideeritud vahearuanne (auditeerimata)
Message
Põhilised finantsnäitajad
Kontserni 2022. aasta I kvartali (võrrelduna 2021. aasta I kvartaliga) ja
31.03.2022 (võrrelduna 31.12.2021) põhilised finantsnäitajad on järgmised:
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tuhandetes eurodes 3 kuud 2022 3 kuud 2021 Muutus
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Müügitulu 11 036 10 265 7,5%
Brutokasum 6 518 6 242 4,4%
Ärikasum 3 221 3 285 -1,9%
EBITDA 3 993 4 080 -2,1%
Aruandeperioodi puhaskasum (-
kahjum) -193 2 564 -107,5%
Puhaskasum (-kahjum),
emaettevõtte omanike osa -266 2 261 -111,8%
Kasum aktsia kohta (eurodes) -0,01 0,06 -116,7%
Äritegevuse rahavoog
perioodil 3 143 3 589 -12,4%
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tuhandetes eurodes 31.03.2022 31.12.2021 Muutus
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Varad kokku 50 694 53 753 -5,7%
Käibevarad kokku 38 728 40 331 -4,0%
Omakapital kokku, emaettevõtte omanike osa 32 310 34 148 -5,4%
Raha ja raha ekvivalendid 17 224 17 098 0,7%
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Rentaablusanalüüs, % 3 kuud 2022 3 kuud 2021 Muutus
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Brutokasum 59,1 60,8 -2,8%
Ärikasum 29,2 32,0 -8,8%
EBITDA 36,2 39,7 -8,8%
Puhaskasum (-kahjum) -1,7 25,0 -106,8%
Puhaskasum (-kahjum), emaettevõtte omanike osa -2,4 22,0 -110,9%
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Finantssuhtarvud, % 31.03.2022 31.12.2021 Muutus
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ROA 12,6 17,9 -29,6%
ROE 19,8 28,7 -31,0%
Hinna/ kasumi suhe 5,3 7,8 -32,1%
Lühiajaliste kohustuste kattekordaja 5,0 4,3 16,3%
Likviidsuskordaja 2,6 2,1 23,8%
Majandustulemused
Kontserni 2022. aasta I kvartali käive moodustas 11 036 tuhat eurot, muutus
eelmise aasta sama perioodiga võrreldes on 7,5%. Jaemüügi käive suurenes 7,8%
võrra, mõõdetuna eurodes.
Kontserni 2022. aasta I kvartali brutokasum oli 6 518 tuhat eurot, suurenedes
eelmise aastaga võrreldes 4,4%. Perioodi brutokasumi marginaal vähenes 2022.
aasta I kvartali jooksul 60,8%-lt 59,1%-le. Müüdud toodangu kulu suurenes 12,3%
võrra.
2022. aasta I kvartali konsolideeritud ärikasum vähenes 1,9% ja ulatus 3 221
tuhande euroni võrreldes 2021. aasta I kvartali konsolideeritud ärikasumiga
summas 3 285 tuhat eurot. 2022. aasta I kvartali ärikasumi rentaablus oli 29,2%
võrreldes 32,0%-ga eelmise aasta samal perioodil. Konsolideeritud EBITDA vähenes
2,1% ja moodustas 2022. aasta I kvartaliga 3 993 tuhat eurot, mis tähendab
36,2% rentaablust (4 080 tuhat eurot ja 39,7% eelmise aasta samal perioodil).
Ettevõtte puhaskahjum emaettevõtte aktsionäridele moodustas 2022. aasta I
kvartaliga -266 tuhat eurot võrreldes puhaskasumiga 2 261 tuhat eurot 2021.
aasta I kvartaliga, puhaskahjumi marginaal emaettevõtte aktsionäridele
moodustas 2022. aasta I kvartaliga -2,4% võrreldes puhaskasumiga 22,0%-ga
eelmise aasta samal perioodil.
Finantsseisund
Seisuga 31. märts 2022 ulatus kontserni konsolideeritud varade maht 50 694
tuhande euroni, vähenedes 5,7% võrreldes 31. detsembriga 2021.
Võrreldes 31. detsembriga 2021 suurenesid nõuded ostjate vastu ja muud nõuded
463 tuhande euro võrra ja moodustasid 2022. aasta 31. märtsi seisuga 2 788
tuhat eurot. Varude saldo vähenes 2 199 tuhande euro võrra ning
2022. aasta 31. märtsi seisuga moodustas 18 707 tuhat eurot.
Emaettevõtte aktsionäride osa omakapitalis vähenes 1 838 tuhande euro võrra,
ulatudes 2022. aasta 31.märtsi seisuga 32 310 tuhande euroni. Lühiajalised
kohustused vähenesid 2022.aasta I kvartaliga 1 594 tuhande euro võrra.
Investeeringud
Kontserni 2022. aasta I kvartali investeeringute kogumaht materiaalsesse
põhivarasse, tehasesse ja seadmetesse moodustas 60 tuhat eurot, 78 tuhat eurot
eelmise aasta samal perioodil. Investeeringud teostati peamiselt oma poodide
avamisse ja renoveerimisse, samuti seadmetesse ja hoonetesse tootmise
efektiivsuse säilitamiseks tulevastes perioodides.
Personal
2022. aasta 31.märtsi seisuga oli kontsernil 1 586 töötajat, neist 484 töötas
jaemüügi segmendis. Ülejäänud töötajad tegutsesid tootmise, hulgimüügi-, haldus-
ja tugiteenuste valdkondades. 31.12.2021 seisuga oli 1 602 töötajat, neist 485
töötas jaemüügi segmendis.
Kontserni 2022. aasta I kvartali palgakulu koos maksudega oli 2 546 tuhat eurot
(2 359 tuhat eurot 2021.aasta I kvartal). Kontserni juhtkonna
võtmeisikute töötasud, sealhulgas tütarettevõtete võtmeisikute tasud,
moodustasid kokku 144 tuhat eurot.
Konsolideeritud finantsseisundi aruanne
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tuhandetes eurodes Lisad 31.03.2022 31.12.2021
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Auditeerimata Auditeeritud
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VARAD
Käibevara
Raha ja rahalähendid 2 17 224 17 098
Väljaantud laenud 9 2
Nõuded ostjate vastu ja muud
nõuded 3 2 788 2 325
Varud 4 18 707 20 906
Käibevara kokku 38 728 40 331
Põhivara
Pikaajalised nõuded 237 262
Investeeringud
sidusettevõtetesse 56 80
Investeeringud muudesse
osadesse ja aktsiatesse 228 262
Edasilükkunud tulumaksuvara 1 348 1 226
Immateriaalne põhivara 470 535
Kinnisvarainvesteeringud 939 1 086
Materiaalne põhivara 5 8 688 9 971
Põhivara kokku 11 966 13 422
VARAD KOKKU 50 694 53 753
KOHUSTUSED JA OMAKAPITAL
Lühiajalised kohustused
Lühiajalised rendikohustused 1 682 2 193
Võlad tarnijatele ja muud
võlad 6 4 788 6 504
Maksukohustised 1 304 671
Lühiajalised kohustused kokku 7 774 9 368
Pikaajalised kohustused
Edasilükkunud
tulumaksukohustis 1 534 1 746
Pikaajalised rendikohustused 4 969 4 727
Pikaajalised eraldised 44 51
Pikaajalised kohustused kokku 6 547 6 524
Kohustused kokku 14 321 15 892
Omakapital
Aktsiakapital 7 3 600 3 600
Ülekurss 4 967 4 967
Kohustuslik reservkapital 1 306 1 306
Realiseerimata kursivahed -19 823 -18 251
Jaotamata kasum 42 260 42 526
Omakapital kokku, emaettevõtte
omanike osa 32 310 34 148
Vähemusosalus 4 063 3 713
Omakapital kokku 36 373 37 861
OMAKAPITAL JA KOHUSTUSED KOKKU 50 694 53 753
Konsolideeritud kasumiaruanne
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tuhandetes eurodes Lisad I kvartal 2022 I kvartal 2021
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Auditeerimata Auditeerimata
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Kliendilepingutest saadav tulu 9 11 036 10 265
Müüdud toodangu kulu -4 518 -4 023
Brutokasum 6 518 6 242
Turustuskulud -2 251 -2 110
Üldhalduskulud -952 -885
Muud äritulud 90 181
Muud ärikulud -184 -143
Ärikasum 3 221 3 285
Tulu/(kulu) valuutakursi
muutustest -2 470 455
Muud finantstu/(kulu) -104 -110
Finantstulud /(-kulud) kokku -2 574 345
Kasum (kahjum) sidusettevõtetest
kapitaliosaluse meetodil -13 -6
Kasum enne tulumaksu 634 3 624
Tulumaksukulu -827 -1 060
Aruandeperioodi kasum (kahjum) -193 2 564
Sealhulgas:
Emaettevõte omanike osa -266 2 261
Vähemusosaluse osa 73 303
Tava- ja lahustatud kasum
emaettevõtte omanike aktsia
kohta (eurodes) 8 -0,01 0,06
Konsolideeritud
koondkasumiaruanne
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tuhandetes eurodes Lisad I kvartal 2022 I kvartal 2021
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Auditeerimata Auditeerimata
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Aruandeperioodi kasum (kahjum) -193 2 564
Muu koondkasum (kahjum), mida
võib hiljem kasumiaruandesse
ümber klassifitseerida:
Kursivahede mõju välismaiste
äriüksuste tulemuste
ümberarvestamisele -1 295 229
Aruandeperioodi muu koondkasum
(kahjum) -1 295 229
Perioodi koondkasum (kahjum)
kokku -1 488 2 793
Sealhulgas:
Emaettevõtte omanike osa -1 838 2 164
Vähemusosaluse osa 350 629
Konsolideeritud rahavoogude aruanne
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tuhandetes eurodes 3 kuud 3 kuud
Lisad 2022 2021
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Auditeerimata Auditeerimata
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Rahavood äritegevusest
Perioodi kasum (kahjum) -193 2 564
Korrigeerimised:
Põhivara kulum 772 795
Kasum kapitaliosaluse meetodil
kajastatud investeeringutest 13 6
(Kasum)/kahjum materiaalse põhivara
müügist 2 0
Finantstulud ja -kulud kokku 2 574 -604
Varude eraldis 0 3
Laekumised sihtfinantseerimisest 0 150
Eraldiste ja sihtfinantseerimise muutus 0 -98
Tulumaksukulu 827 1 060
Varude muutus 2 199 -1 124
Muutused nõuetes ostjate vastu ja muudes
nõuetes -772 -208
Muutused võlgades tarnijatele ja muudes
võlgades -1 716 1 192
Tasutud intressid 0 -2
Makstud tulumaks -563 -145
Rahavood äritegevusest kokku 3 143 3 589
Rahavood investeerimistegevusest
Saadud intressid 3 4
Saadud dividendid 1 0
Materiaalse põhivara müük 6 0
Väljaantud laenud -7 0
Materiaalse põhivara soetamine -60 -78
Immateriaalse põhivara soetamine -14 -48
Rahavood investeerimistegevusest kokku -71 -122
Rahavood finantseerimistegevusest
Saadud laenude tagasimaksed 0 -800
Rendikohustiste põhiosamaksed -509 -530
Rendikohustistelt tasutud intress -108 -114
Rahavood finantseerimistegevusest kokku -617 -1 444
Raha ja rahalähendite muutus 2 455 2 023
Raha ja rahalähendid perioodi alguses 7 17 098 8 980
Mõju ümberarvutamisest esitlusvaluutasse -2 428 0
Valuutakursside muutuste mõju rahavoogudele 7 99 21
Raha ja rahalähendid perioodi lõpus 17 224 11 024
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 Q1 of 2022 (unaudited)
Message
Selected Financial Indicators Summarized selected financial indicators of the Group for Q1 of 2022 compared to Q1 of 2021 and 31.03.2022 compared to 31.12.2021 were as follows: ------------------------------------------------------------------------------- in thousands of EUR 03m 2022 03m 2021 Change ------------------------------------------------------------------------------- Revenue 11 036 10 265 7.5% Gross Profit 6 518 6 242 4.4% Operating profit 3 221 3 285 -1.9% EBITDA 3 993 4 080 -2.1% Net profit (loss) for the period -193 2 564 -107.5% Net profit (loss) attributable equity holders of the Parent company -266 2 261 -111,8% Earnings per share (EUR) -0.01 0.06 -116.7% Operating cash flow for the period 3 143 3 589 -12.4% ------------------------------------------------------------------------------- in thousands of EUR 31.03.2022 31.12.2021 Change ------------------------------------------------------------------------------- Total assets 50 694 53 753 -5.7% Total current assets 38 728 40 331 -4.0% Total equity attributable to equity holders of the Parent company 32 310 34 148 -5.4% Cash and cash equivalents 17 224 17 098 0.7% ------------------------------------------------------------------------------- Margin analysis, % 03m 2022 03m 2021 Change ------------------------------------------------------------------------------- Gross profit 59.1 60.8 -2.8% Operating profit 29.2 32.0 -8.8% EBITDA 36.2 39.7 -8.8% Net profit (loss) -1.7 25.0 -106.8% Net profit (loss) attributable to equity holders of the Parent company -2.4 22.0 -110.9% ------------------------------------------------------------------------------- Financial ratios, % 31.03.2022 31.12.2021 Change ------------------------------------------------------------------------------- ROA 12.6 17.9 -29.6% ROE 19.8 28.7 -31.0% Price to earnings ratio (P/E) 5.3 7.8 -32.1% Current ratio 5.0 4.3 16.3% Quick ratio 2.6 2.1 23.8% Financial performance The Group`s sales amounted to 11 036 thousand EUR during Q1 of 2022, representing a 7.5% increase as compared to the same period of previous year. Overall, retail increased by 7.8%, measured in EUR. The Group's gross profit during Q1 of 2022 amounted to 6 518 thousand EUR and increase by 4.4% compared to previous year. The gross margin during Q1 of 2022 decreased to 59.1%, from 60.8% in the respective period of previous year. The cost of sold goods increased by 12.3%. Consolidated operating profit for Q1 of 2022 amounted to 3 221 thousand EUR, compared to 3 285 thousand EUR in Q1 of 2021, decrease by 1.9%. The consolidated operating profit margin was 29.2% for Q1 of 2022 (32.0 in Q1 of 2021). Consolidated EBITDA for Q1 of 2022 decreased by 2.1% and amounted to 3 993 thousand EUR, which is 36.2% in margin terms (4 080 thousand EUR and 39.7% for Q1 of 2021). Reported consolidated net loss attributable to equity holders of the Parent company for Q1 of 2022 amounted to -266 thousand EUR, compared to net profit of 2 261 thousand EUR in Q1 of 2021, net loss margin attributable to equity holders of the Parent company for Q1 of 2022 was -2.4% against net profit 22.0% in Q1 of 2021. Financial position As of 31 March 2022 consolidated assets amounted to 50 694 thousand EUR representing decrease by 5.7% as compared to the position as of 31 December 2021. Trade and other receivables increased by 463 thousand EUR as compared to 31 December 2021 and amounted to 2 788 thousand EUR as of 31 March 2022. Inventory balance decreased by 2 199 thousand EUR and amounted to 18 707 thousand EUR as of 31 March 2022. Equity attributable to equity holders of the Parent company decreased by 1 838 thousand EUR and amounted to 32 310 thousand EUR as of 31 March 2022. Current liabilities decreased by 1 594 thousand EUR during Q1 of 2022. Investments During Q1 of 2022 the Group's investments into property, plant and equipment totalled 60 thousand EUR, in previous year same period 78 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 31 March 2022, the Group employed 1 586 employees, including 484 people in retail operations. The rest were employed in production, wholesale, administration and support operations. In 31.12.2021 there were 1 602 employees, including 485 people in retail operations. Total salaries and related taxes during Q1 of 2022 amounted to 2 546 thousand EUR (2 359 thousand EUR in Q1 of 2021). The remuneration of key management of the Group, including the key executives of all subsidiaries, totalled 144 thousand EUR. Consolidated Statement of Financial Position ------------------------------------------------------------------------------- in thousands of EUR Note 31.03.2022 31.12.2021 ------------------------------------------------------------------------------- Unaudited Audited ASSETS Current assets Cash and cash equivalents 2 17 224 17 098 Current loans granted 9 2 Trade receivables and other assets 3 2 788 2 325 Inventories 4 18 707 20 906 Total current assets 38 728 40 331 Non-current assets Non-current receivables 237 262 Investments in associates 56 80 Investments in other shares 228 262 Deferred tax asset 1 348 1 226 Intangible assets 470 535 Investment property 939 1 086 Property, plant and equipment 5 8 688 9 971 Total non-current assets 11 966 13 422 TOTAL ASSETS 50 694 53 753 LIABILITIES AND EQUITY Current liabilities Current lease liabilities 1 682 2 193 Trade and other payables 6 4 788 6 504 Tax liabilities 1 304 671 Total current liabilities 7 774 9 368 Non-current liabilities Deferred tax liability 1 534 1 746 Non-current lease liabilities 4 969 4 727 Non-current provisions 44 51 Total non-current liabilities 6 547 6 524 Total liabilities 14 321 15 892 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 -19 823 -18 251 Retained earnings 42 260 42 526 Total equity attributable to equity holders of the Parent company 32 310 34 148 Non-controlling interest 4 063 3 713 Total equity 36 373 37 861 TOTAL EQUITY AND LIABILITIES 50 694 53 753 Consolidated Income Statement ------------------------------------------------------------------------------- in thousands of EUR Note 1Q 2022 1Q 2021 ------------------------------------------------------------------------------- Unaudited Unaudited ------------------------------------------------------------------------------- Revenue from contracts with customers 9 11 036 10 265 Cost of goods sold -4 518 -4 023 Gross Profit 6 518 6 242 Distribution expenses -2 251 -2 110 Administrative expenses -952 -885 Other operating income 90 181 Other operating expenses -184 -143 Operating profit 3 221 3 285 Currency exchange income/(expense) -2 470 455 Other finance income/(expenses) -104 -110 Net finance income (loss) -2 574 345 Profit (loss) from associates using equity method -13 -6 Profit before tax 634 3 624 Income tax expense -827 -1 060 Profit (loss) for the period -193 2 564 Attributable to : Equity holders of the Parent company -266 2 261 Non-controlling interest 73 303 Earnings per share from profit attributable to equity holders of the Parent company, both basic and diluted (EUR) 8 -0,01 0,06 Consolidated Statement of Comprehensive Income ------------------------------------------------------------------------------- in thousands of EUR Note 1Q 2022 1Q 2021 ------------------------------------------------------------------------------- Unaudited Unaudited Profit (loss) for the period -193 2 564 Other comprehensive income (loss) that will be reclassified to profit or loss in subsequent periods : Exchange differences on translation of foreign operations -1 295 229 Total other comprehensive income(loss) for the period -1 295 229 Total comprehensive income (loss) for the period -1 488 2 793 Attributable to : Equity holders of the Parent company -1 838 2 164 Non-controlling interest 350 629 Consolidated Statement of Cash Flows ------------------------------------------------------------------------------- in thousands of EUR Note 03m 2022 03m 2021 ------------------------------------------------------------------------------- Unaudited Unaudited Cash flow from operating activities Profit (loss) for the period -193 2 564 Adjustments for: Depreciation and amortization of non-current assets 772 795 Share of profit of equity accounted investees 13 6 Gains/Losses on the sale of property, plant and equipment 2 0 Net finance income / costs 2 574 -604 Provision for inventories 0 3 Receipt of government grants 0 150 Movements in provisions and government grants 0 -98 Income tax expense 827 1 060 Change in inventories 2 199 -1 124 Change in trade and other receivables -772 -208 Change in trade and other payables -1 716 1 192 Interest paid 0 -2 Income tax paid -563 -145 Net cash flow from operating activities 3 143 3 589 Cash flow from investing activities Interest received 3 4 Dividends received 1 0 Proceeds from disposal of property, plant and equipment 6 0 Loans granted -7 0 Acquisition of property, plant and equipment -60 -78 Acquisition of intangible assets -14 -48 Net cash flow from investing activities -71 -122 Cash flow from financing activities Repayment of borrowings 0 -800 Payment of principal portion of lease liabilities -509 -530 Interest paid on lease liabilities -108 -114 Net cash flow from financing activities -617 -1 444 Net increase in cash and cash equivalents 2 455 2 023 Cash and cash equivalents at the beginning of period 7 17 098 8 980 Effect of translation to presentation currency -2 428 0 Effect of exchange rate fluctuations on cash held 7 99 21 Cash and cash equivalents at the end of period 17 224 11 024 AS Silvano Fashion Group Phone: +372 6845 000 Email: [email protected]