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AS Silvano Fashion Group
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28.08.2024 23:59:00
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Silvano Fashion Group 2024.aasta II kvartali ja 6 kuu konsolideeritud vahearuanne (auditeerimata)
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Põhilised finantsnäitajad Kontserni 2024. aasta 6 kuu (võrrelduna 2023. aasta 6 kuuga) ja 30.06.2024 (võrrelduna 31.12.2023) põhilised finantsnäitajad on järgmised: ------------------------------------------------------------------------------- tuhandetes eurodes 6 kuud 2024 6 kuud 2023 Muutus ------------------------------------------------------------------------------- Müügitulu 30 145 31 407 -4,0% Brutokasum 17 189 18 837 -8,7% Ärikasum 8 562 10 681 -19,8% EBITDA 10 055 12 272 -18,1% Aruandeperioodi puhaskasum 7 786 5 422 43,6% Puhaskasum, emaettevõtte omanike osa 7 053 4 772 47,8% Kasum aktsia kohta (eurodes) 0,20 0,13 53,8% Äritegevuse rahavoog perioodil 4 137 10 802 -61,7% ------------------------------------------------------------------------ tuhandetes eurodes 30.06.2024 31.12.2023 Muutus ------------------------------------------------------------------------ Varad kokku 80 534 72 252 11,5% Käibevarad kokku 67 483 59 395 13,6% Omakapital kokku, emaettevõtte omanike osa 61 433 54 120 13,5% Raha ja raha ekvivalendid 38 867 32 878 18,2% ---------------------------------------------------------------------------- Rentaablusanalüüs, % 6 kuud 2024 6 kuud 2023 Muutus ---------------------------------------------------------------------------- Brutokasum 57,0 60,0 -5,0% Ärikasum 28,4 34,0 -16,5% EBITDA 33,4 39,1 -14,6% Puhaskasum 25,8 17,3 49,1% Puhaskasum, emaettevõtte omanike osa 23,4 15,2 53,9% -------------------------------------------------------------------------- Finantssuhtarvud, % 30.06.2024 31.12.2023 Muutus -------------------------------------------------------------------------- ROA 16,3 14,5 12,4% ROE 22,0 20,2 8,9% Hinna/ kasumi suhe 3,1 4,1 -24,4% Lühiajaliste kohustuste kattekordaja 6,4 5,8 10,3% Likviidsuskordaja 3,9 3,4 14,7% Majandustulemused Kontserni 2024. aasta 6 kuu käive moodustas 30 145 tuhat eurot, vähenedes eelmise aasta sama perioodiga võrreldes 4,0% võrra. Hulgimüügi käive vähenes 7,2% võrra, mõõdetuna eurodes. Kontserni 2024. aasta 6 kuu brutokasum oli 17 189 tuhat eurot, vähenedes eelmise aastaga võrreldes 8,7%. Perioodi brutokasumi marginaal vähenes 2024. aasta 6 kuu jooksul 5,0% võrra, võrreldes eelmise aasta sama perioodiga. Müüdud toodangu kulu suurenes 3,1% võrra. 2024. aasta 6 kuu konsolideeritud ärikasum vähenes 19,8% ja ulatus 8 562 tuhande euroni võrreldes 2023. aasta 6 kuu konsolideeritud ärikasumiga summas 10 681 tuhat eurot. 2024. aasta 6 kuu ärikasumi rentaablus oli 28,4% võrreldes 34,0%-ga eelmise aasta samal perioodil. Konsolideeritud EBITDA vähenes 18,1% ja moodustas 2024. aasta 6 kuuga 10 055 tuhat eurot, mis tähendab 33,4% rentaablust (12 272 tuhat eurot ja 39,1% eelmise aasta samal perioodil). Ettevõtte puhaskasum emaettevõtte aktsionäridele moodustas 2024. aasta 6 kuuga 7 053 tuhat eurot võrreldes puhaskasumiga 4 772 tuhat eurot 2023. aasta 6 kuuga, puhaskasumi marginaal emaettevõtte aktsionäridele moodustas 2024. aasta 6 kuuga 23,4% võrreldes puhaskasumiga 15,2%-ga eelmise aasta samal perioodil. Finantsseisund Seisuga 30. juuni 2024 ulatus kontserni konsolideeritud varade maht 80 534 tuhande euroni, suurenedes 11,5% võrreldes 31. detsembriga 2023. Võrreldes 31. detsembriga 2023 suurenesid nõuded ostjate vastu ja muud nõuded 358 tuhande euro võrra ja moodustasid 2024. aasta 30. juuni seisuga 1 712 tuhat eurot. Varude saldo suurenes 1 922 tuhande euro võrra ning 2024. aasta 30. juuni seisuga moodustas 25 862 tuhat eurot. Emaettevõtte aktsionäride osa omakapitalis suurenes 7 313 tuhande euro võrra, ulatudes 2024. aasta 30. juuni seisuga 61 433 tuhande euroni. Lühiajalised kohustused suurenesid 2024.aasta 6 kuuga 267 tuhande euro võrra. Investeeringud Kontserni 2024. aasta 6 kuu investeeringute kogumaht materiaalsesse põhivarasse, tehasesse ja seadmetesse moodustas 476 tuhat eurot, 708 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. juuni seisuga oli kontsernil 1 625 töötajat, neist 507 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 6 kuu palgakulu koos maksudega oli 7 117 tuhat eurot (6 902 tuhat eurot 2023.aasta 6 kuul). Kontserni juhtkonna võtmeisikute töötasud, sealhulgas tütarettevõtete võtmeisikute tasud, moodustasid kokku 305 tuhat eurot. Juhtimisorganite otsused 2024. aasta 6 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 30.06.2024 31.12.2023 -------------------------------------------------------------------------------------- Auditeerimata Auditeeritud -------------------------------------------------------------------------------------- VARAD Käibevara Raha ja rahalähendid 2 38 867 32 878 Nõuded ostjate vastu ja muud nõuded 3 1 712 1 354 Ettemaksed ja muud maksunõuded 3 917 1 115 Antud lühiajalised laenud 20 29 Muud varad 105 79 Varud 4 25 862 23 940 Käibevara kokku 67 483 59 395 Põhivara Pikaajalised nõuded 297 292 Investeeringud sidusettevõtetesse 109 85 Investeeringud muudesse osadesse ja aktsiatesse 223 213 Edasilükkunud tulumaksuvara 2 375 2 155 Immateriaalne põhivara 651 579 Kinnisvarainvesteeringud 911 899 Materiaalne põhivara 5 8 485 8 634 Põhivara kokku 13 051 12 857 VARAD KOKKU 80 534 72 252 KOHUSTUSED JA OMAKAPITAL Lühiajalised kohustused Saadud laenud 2 312 0 Lühiajalised rendikohustused 1 222 2 162 Võlad tarnijatele ja muud võlad 6 4 933 7 377 Maksukohustised 2 086 747 Lühiajalised kohustused kokku 10 553 10 286 Pikaajalised kohustused Edasilükkunud tulumaksukohustis 773 736 Pikaajalised rendikohustused 4 751 4 321 Pikaajalised eraldised 48 46 Pikaajalised kohustused kokku 5 572 5 103 Kohustused kokku 16 125 15 389 Omakapital Aktsiakapital 7 3 600 3 600 Ülekurss 4 967 4 967 Kohustuslik reservkapital 1 306 1 306 Realiseerimata kursivahed -19 742 -20 002 Jaotamata kasum 71 302 64 249 Omakapital kokku, emaettevõtte omanike osa 61 433 54 120 Vähemusosalus 2 976 2 743 Omakapital kokku 64 409 56 863 OMAKAPITAL JA KOHUSTUSED KOKKU 80 534 72 252 Konsolideeritud kasumiaruanne ----------------------------------------------------------------------------------- II kvartal II kvartal tuhandetes eurodes Lisad 2024 2023 6 kuud 2024 6 kuud 2023 ----------------------------------------------------------------------------------- Auditeerimata Auditeerimata Auditeerimata Auditeerimata ----------------------------------------------------------------------------------- Kliendilepingutest saadav tulu 9 16 241 17 266 30 145 31 407 Müüdud toodangu kulu -6 841 -6 553 -12 956 -12 570 Brutokasum 9 400 10 713 17 189 18 837 Turustuskulud -3 001 -2 775 -5 773 -5 554 Üldhalduskulud -1 191 -1 091 -2 454 -2 277 Muud äritulud 59 59 107 116 Muud ärikulud -253 -188 -507 -441 Ärikasum 5 014 6 718 8 562 10 681 Tulu/(kulu) valuutakursi muutustest 916 -1 492 865 -2 591 Muud finantstu/(kulu) -56 -29 72 -185 Finantstulud /(- kulud) kokku 860 -1 521 937 -2 776 Kasum (kahjum) sidusettevõtetest kapitaliosaluse meetodil -2 8 14 12 Kasum enne tulumaksu 5 872 5 205 9 513 7 917 Tulumaksukulu -1 002 -1 650 -1 727 -2 495 Aruandeperioodi kasum 4 870 3 555 7 786 5 422 Sealhulgas: Emaettevõte omanike osa 4 499 3 156 7 053 4 772 Vähemusosaluse osa 371 399 733 650 Tava- ja lahustatud kasum emaettevõtte omanike aktsia kohta (eurodes) 8 0,12 0,09 0,20 0,13 Konsolideeritud koondkasumiaruanne ----------------------------------------------------------------------------------- II kvartal II kvartal tuhandetes eurodes Lisad 2024 2023 6 kuud 2024 6 kuud 2023 ----------------------------------------------------------------------------------- Auditeerimata Auditeerimata Auditeerimata Auditeerimata ----------------------------------------------------------------------------------- Aruandeperioodi kasum 4 870 3 555 7 786 5 422 Muu koondkasum (kahjum), mida võib hiljem kasumiaruandesse ümber klassifitseerida: Kursivahede mõju välismaiste äriüksuste tulemuste ümberarvestamisele 670 -624 406 -1 384 Aruandeperioodi muu koondkasum 670 -624 406 -1 384 Perioodi koondkasum (kahjum) kokku 5 540 2 931 8 192 4 038 Sealhulgas: Emaettevõtte omanike osa 5 049 2 029 7 313 2 612 Vähemusosaluse osa 491 902 879 1 426 Konsolideeritud rahavoogude aruanne ------------------------------------------------------------------------------- tuhandetes eurodes 6 kuud 6 kuud Lisad 2024 2023 ------------------------------------------------------------------------------- Auditeerimata Auditeerimata ------------------------------------------------------------------------------- Rahavood äritegevusest Aruandeaasta kasum 7 786 5 422 Korrigeerimised: Põhivara kulum 1 493 1 591 Kasum kapitaliosaluse meetodil kajastatud investeeringutelt -14 -12 Kasum/kahjum materiaalse põhivara müügist 10 -11 Finantstulud/-kulud kokku -937 2 776 Ebatõenäoliselt laekuvate arvete eraldis 3 -1 Varude eraldis 1 2 Tulumaksukulu 1 727 2 495 Varude muutus -1 922 1 342 Muutused nõuetes ostjate vastu ja muudes nõuetes, ettemaksetes ja muudes maksunõuetes -358 -1 195 Muutused võlgades tarnijatele ja muudes võlgades -1 912 -125 Tasutud intressid -48 0 Makstud tulumaks -1 692 -1 482 Rahavood äritegevusest kokku 4 137 10 802 Rahavood investeerimistegevusest Saadud intressid 482 172 Saadud dividendid 8 11 Materiaalse põhivara müük 20 5 Väljaantud laenud 0 -15 Väljaantud laenude tagasimaksed 9 0 Materiaalse põhivara soetamine -476 -708 Immateriaalse põhivara soetamine -72 -88 Rahavood investeerimistegevusest kokku -29 -623 Rahavood finantseerimistegevusest Saadud laenud 4 000 0 Saadud laenude tagasimaksed -1 700 0 Rendikohustiste põhiosamaksed -1 085 -1 118 Rendikohustistelt tasutud intress -375 -367 Makstud dividendid -646 -525 Rahavood finantseerimistegevusest kokku 194 -2 010 Raha ja rahalähendite muutus 4 302 8 169 Raha ja rahalähendid perioodi alguses 2 32 878 25 909 Esitusvaluutasse ümberarvestamise mõju 1 837 -3 452 Valuutakursside muutuste mõju rahavoogudele -150 415 Raha ja rahalähendid perioodi lõpus 2 38 867 31 041 AS Silvano Fashion Group Tel: +372 6845 000 Email: info@silvanofashion.com
Pealkiri
Silvano Fashion Group Consolidated Interim Financial Report for Q2 and 6m of 2024 (unaudited)
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Selected Financial Indicators Summarized selected financial indicators of the Group for 6 months of 2024 compared to 6 months of 2023 and 30.06.2024 compared to 31.12.2023 were as follows: ------------------------------------------------------------------------------- in thousands of EUR 06m 2024 06m 2023 Change ------------------------------------------------------------------------------- Revenue 30 145 31 407 -4.0% Gross Profit 17 189 18 837 -8.7% Operating profit 8 562 10 681 -19.8% EBITDA 10 055 12 272 -18.1% Net profit for the period 7 786 5 422 43.6% Net profit attributable equity holders of the Parent company 7 053 4 772 47.8% Earnings per share (EUR) 0,20 0,13 53.8% Operating cash flow for the period 4 137 10 802 -61.7% ------------------------------------------------------------------------------- in thousands of EUR 30.06.2024 31.12.2023 Change ------------------------------------------------------------------------------- Total assets 80 534 72 252 11.5% Total current assets 67 483 59 395 13.6% Total equity attributable to equity holders of the Parent company 61 433 54 120 13.5% Cash and cash equivalents 38 867 32 878 18.2% ------------------------------------------------------------------------------- Margin analysis, % 06m 2024 06m 2023 Change ------------------------------------------------------------------------------- Gross profit 57,0 60,0 -5.0% Operating profit 28,4 34,0 -16.5% EBITDA 33,4 39,1 -14.6% Net profit 25,8 17,3 49.1% Net profit attributable to equity holders of the Parent company 23,4 15,2 53.9% ------------------------------------------------------------------------------- Financial ratios, % 30.06.2024 31.12.2023 Change ------------------------------------------------------------------------------- ROA 16,3 14,5 12.4% ROE 22,0 20,2 8.9% Price to earnings ratio (P/E) 3,1 4,1 -24.4% Current ratio 6,4 5,8 10.3% Quick ratio 3,9 3,4 14.7% Financial performance The Group`s sales amounted 30 145 thousand EUR during 6 months of 2024, representing a 4.0% decrease as compared to the same period of previous year. Overall, wholesale decreased by 7.2%, measured in EUR. The Group's gross profit during 6 months of 2024 amounted to 17 189 thousand EUR and decrease by 8.7% compared to previous year. The gross margin during 6 months of 2024 decreased by 5.0% compared to 6 months of 2023. The cost of sold goods increased by 3.1%. Consolidated operating profit for 6 months of 2024 amounted to 8 562 thousand EUR, compared to 10 681 thousand EUR for 6 months of 2023, decrease by 19.8%. The consolidated operating profit margin was 28.4% for 6 months of 2024 (34.0% for 6 months of 2023). Consolidated EBITDA for 6 months of 2024 decreased by 18.1% and amounted to 10 055 thousand EUR, which is 33.4% in margin terms (12 272 thousand EUR and 39.1% for 6 months of 2023). Reported consolidated net profit attributable to equity holders of the Parent company for 6 months of 2024 amounted to 7 053 thousand EUR, compared to net profit of 4 772 thousand EUR for 6 months of 2023, net profit margin attributable to equity holders of the Parent company for 6 months of 2024 was 23.4% against net profit 15.2% for 6 months of 2023. Financial position As of 30 June 2024 consolidated assets amounted to 80 534 thousand EUR representing increase by 11.5% as compared to the position as of 31 December 2023. Trade and other receivables increased by 358 thousand EUR as compared to 31 December 2023 and amounted to 1 712 thousand EUR as of 30 June 2024. Inventory balance increased by 1 922 thousand EUR and amounted to 25 862 thousand EUR as of 30 June 2024. Equity attributable to equity holders of the Parent company increased by 7 313 thousand EUR and amounted to 61 433 thousand EUR as of 30 June 2024. Current liabilities increased by 267 thousand EUR during 6 months of 2024. Investments During 6 months of 2024 the Group's investments into property, plant and equipment totalled 476 thousand EUR, in previous year same period 708 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 June 2024, the Group employed 1 625 employees, including 507 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 6 months of 2024 amounted to 7 117 thousand EUR ( 6 902 thousand EUR in 6 months 2023). The remuneration of key management of the Group, including the key executives of all subsidiaries, totalled 305 thousand EUR. Decisions made by governing bodies during 06 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=e n&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. Approved the 2023 Annual Report; 2. Left the net profit undistributed and included the net profit of the financial year 2023 in retained earnings. The decisions of the general meeting was 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 30.06.2024 31.12.2023 ------------------------------------------------------------------------------- Unaudited Audited ASSETS Current assets Cash and cash equivalents 2 38 867 32 878 Trade and other receivables 3 1 712 1 354 Prepayments and other tax receivables 3 917 1 115 Current loans granted 20 29 Other assets 105 79 Inventories 4 25 862 23 940 Total current assets 67 483 59 395 Non-current assets Non-current receivables 297 292 Investments in associates 109 85 Investments in other shares 223 213 Deferred tax asset 2 375 2 155 Intangible assets 651 579 Investment property 911 899 Property, plant and equipment 5 8 485 8 634 Total non-current assets 13 051 12 857 TOTAL ASSETS 80 534 72 252 LIABILITIES AND EQUITY Current liabilities Current borrowings 2 312 0 Current lease liabilities 1 222 2 162 Trade and other payables 6 4 933 7 377 Tax liabilities 2 086 747 Total current liabilities 10 553 10 286 Non-current liabilities Deferred tax liability 773 736 Non-current lease liabilities 4 751 4 321 Non-current provisions 48 46 Total non-current liabilities 5 572 5 103 Total liabilities 16 125 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 -19 742 -20 002 Retained earnings 71 302 64 249 Total equity attributable to equity holders of the Parent company 61 433 54 120 Non-controlling interest 2 976 2 743 Total equity 64 409 56 863 TOTAL EQUITY AND LIABILITIES 80 534 72 252 Consolidated Income Statement ------------------------------------------------------------------------------- in thousands of EUR Note 2Q 2024 2Q 2023 06m 2024 06m 2023 ------------------------------------------------------------------------------- Unaudited Unaudited Unaudited Unaudited Revenue from contracts with customers 9 16 241 17 266 30 145 31 407 Cost of goods sold -6 841 -6 553 -12 956 -12 570 Gross Profit 9 400 10 713 17 189 18 837 Distribution expenses -3 001 -2 775 -5 773 -5 554 Administrative expenses -1 191 -1 091 -2 454 -2 277 Other operating income 59 59 107 116 Other operating expenses -253 -188 -507 -441 Operating profit 5 014 6 718 8 562 10 681 Currency exchange income/(expense) 916 -1 492 865 -2 591 Other finance income/(expenses) -56 -29 72 -185 Net finance income 860 -1 521 937 -2 776 Profit (loss) from associates using equity method -2 8 14 12 Profit before tax 5 872 5 205 9 513 7 917 Income tax expense -1 002 -1 650 -1 727 -2 495 Profit for the period 4 870 3 555 7 786 5 422 Attributable to : Equity holders of the Parent company 4 499 3 156 7 053 4 772 Non-controlling interest 371 399 733 650 Earnings per share from profit attributable to equity holders of the Parent company, both basic and diluted (EUR) 8 0,12 0,09 0,20 0,13 Consolidated Statement of Comprehensive Income ------------------------------------------------------------------------------- in thousands of EUR Note 2Q 2024 2Q 2023 06m 2024 06m 2023 ------------------------------------------------------------------------------- Unaudited Unaudited Unaudited Unaudited Profit for the period 4 870 3 555 7 786 5 422 Other comprehensive income (loss) that will be reclassified to profit or loss in subsequent periods : Exchange differences on translation of foreign operations 670 -624 406 -1 384 Total other comprehensive income for the period 670 -624 406 -1 384 Total comprehensive income (loss) for the period 5 540 2 931 8 192 4 038 Attributable to : Equity holders of the Parent company 5 049 2 029 7 313 2 612 Non-controlling interest 491 902 879 1 426 Consolidated Statement of Cash Flows ------------------------------------------------------------------------------- in thousands of EUR Note 06m 2024 06m 2023 ------------------------------------------------------------------------------- Unaudited Unaudited Cash flow from operating activities Profit for the period 7 786 5 422 Adjustments for: Depreciation and amortization of non-current assets 1 493 1 591 Share of profit of equity accounted investees -14 -12 Gains/Losses on the sale of property, plant and equipment 10 -11 Net finance income / costs -937 2 776 Provision for impairment losses on trade receivables 3 -1 Provision for inventories 1 2 Income tax expense 1 727 2 495 Change in inventories -1 922 1 342 Change in trade and other receivables -358 -1 195 Change in trade and other payables -1 912 -125 Interest paid -48 0 Income tax paid -1 692 -1 482 Net cash flow from operating activities 4 137 10 802 Cash flow from investing activities Interest received 482 172 Dividends received 8 11 Proceeds from disposal of property, plant and equipment 20 5 Loans granted 0 -15 Proceeds from repayments of loans granted 9 0 Acquisition of property, plant and equipment -476 -708 Acquisition of intangible assets -72 -88 Net cash flow from investing activities -29 -623 Cash flow from financing activities Proceeds from borrowings 4 000 0 Repayment of borrowings -1 700 0 Payment of principal portion of lease liabilities -1 085 -1 118 Interest paid on lease liabilities -375 -367 Dividends paid -646 -525 Net cash flow from financing activities 194 -2 010 Net increase in cash and cash equivalents 4 302 8 169 Cash and cash equivalents at the beginning of period 2 32 878 25 909 Effect of translation to presentation currency 1 837 -3 452 Effect of exchange rate fluctuations on cash held -150 415 Cash and cash equivalents at the end of period 2 38 867 31 041 AS Silvano Fashion Group Phone: +372 6845 000 Email: info@silvanofashion.com