PATTERN SPA
PATTERN S.P.A.
Direction and coordination BO.MA. Holding S.r.l.
CONSOLIDATED HALF-YEAR REPORT
AT 30 JUNE 2022
registered office in Collegno, via Italia 6/a
authorized share capital € 1,436,292.90 of which € 1,407,555.00 subscribed and paid up
listed with the Turin Company Register no. 10072750010 tax code
R.E.A. no. 1103664
Half-Year Report at 30 June 2022 | Page1 |
PATTERN SPA | |
CONTENTS | |
COMPANY OVERVIEW.................................................................................................................................................. | 4 |
COMPOSITION OF CORPORATE BODIES ...................................................................................................................... | 5 |
SHAREHOLDER BASE .................................................................................................................................................... | 6 |
PATTERN GROUP AND ITS HISTORY ............................................................................................................................ | 7 |
PATTERN GROUP IN FIGURES: HIGHLIGHTS FIRST HALF 2022 ................................................................................. | 8 |
CORPORATE STRUCTURE OF THE GROUP ................................................................................................................ | 9 |
PATTERN SHARE PERFORMANCE IN FIRST HALF 2022 ........................................................................................... | 10 |
INTERIM REPORT ON OPERATIONS AT 30 JUNE 2022 .............................................................................................. | 11 |
MARKET SCENARIO AND RESULTS.......................................................................................................................... | 12 |
OUTLOOK FOR THE CURRENT YEAR ....................................................................................................................... | 13 |
MEDIUM-TERM STRATEGY ..................................................................................................................................... | 13 |
SIGNIFICANT EVENTS IN THE PERIOD ..................................................................................................................... | 14 |
GROUP CAPITAL EXPENDITURE .............................................................................................................................. | 17 |
GROUP OPERATING AND FINANCIAL SITUATION................................................................................................... | 17 |
MAIN RISKS AND UNCERTAINTIES TO WHICH THE GROUP IS EXPOSED ................................................................ | 25 |
ENVIRONMENTAL IMPACT OF OPERATIONS.......................................................................................................... | 27 |
EMPLOYEES AND IT SYSTEMS ................................................................................................................................. | 28 |
FINANCIAL DERIVATIVES......................................................................................................................................... | 30 |
BRANCH OFFICES .................................................................................................................................................... | 30 |
INTRAGROUP AND RELATED PARTY TRANSACTIONS ..................................................................................... | 30 |
CONSOLIDATED INTERIM FINANCIAL STATEMENTS AT 30 JUNE 2022..................................................................... | 32 |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION | |
CONSOLIDATED INCOME STATEMENT ....................................................................................................................... | 36 |
CONSOLIDATED STATEMENT OF CASH FLOWS........................................................................................................... | 38 |
INFORMATION ON THE ACQUISITION OF INVESTMENTS IN SUBSIDIARIES ............................................................... | 40 |
NOTES TO THE CONSOLIDATED HALF-YEARREPORT AT 30 JUNE 2022 ................................................................... | 41 |
FOREWORD................................................................................................................................................................. | 41 |
SCOPE OF CONSOLIDATION ........................................................................................................................................ | 41 |
1. CONSOLIDATION PRINCIPLES.................................................................................................................................. | 44 |
2. PREPARATION STANDARDS .................................................................................................................................... | 45 |
3. VALUATION CRITERIA ............................................................................................................................................. | 46 |
4. ANALYSIS OF AND COMMENTS ON THE MAIN ITEMS OF THE CONSOLIDATED FINANCIAL STATEMENTS ............ | 56 |
STATEMENT OF FINANCIAL POSITION ASSETS ....................................................................................................... | 56 |
INFORMATION ON THE INCOME STATEMENT ....................................................................................................... | 77 |
Half-Year Report at 30 June 2022 | Page2 |
PATTERN SPA | |
5. OTHER INFORMATION ............................................................................................................................................ | 81 |
HEADCOUNT ............................................................................................................................................................... | 81 |
FEES TO DIRECTORS AND STATUTORY AUDITORS ...................................................................................................... | 81 |
FEES TO THE INDEPENDENT AUDITORS...................................................................................................................... | 81 |
GUARANTEES, COMMITMENTS AND CONTINGENT LIABILITIES................................................................................. | 82 |
TRANSACTIONS WITH RELATED PARTIES.................................................................................................................... | 82 |
AGREEMENTS NOT RESULTING FROM THE STATEMENT OF FINANCIAL POSITION ................................................... | 83 |
SIGNIFICANT EVENTS AFTER THE REPORTING PERIOD OF THE CONSOLIDATED FINANCIAL STATEMENTS ............... | 83 |
OUTLOOK FOR THE YEAR ............................................................................................................................................ | 83 |
INFORMATION ON FINANCIAL DERIVATIVES PURSUANT TO ARTICLE 2427-BIS OF THE ITALIAN CIVIL CODE ........... | 84 |
ANNEXES TO THE CONSOLIDATED FINANCIAL STATEMENTS ..................................................................................... | 85 |
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (ANNEX A) ........................................................................ | 85 |
RECONCILIATION BETWEEN PARENT COMPANY EQUITY AND RESULTS AND CONSOLIDATED EQUITY AND | |
RESULTS (ANNEX B) ................................................................................................................................................ | 86 |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT SHOWING THE CHANGES IN | |
THE YEAR (ANNEX C)............................................................................................................................................... | 87 |
ANALYTICAL CONSOLIDATED STATEMENT OF FINANCIAL POSITION (ANNEX D)................................................... | 90 |
INDEPENDENT AUDITORS' REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS |
Half-Year Report at 30 June 2022 | Page3 |
PATTERN SPA
COMPANY OVERVIEW
Registered office
PATTERN S.P.A.
registered office in via Italia 6/a 10093 - Collegno (TO) - Italy Tel. 011/4531597
Legal data
Joint stock company listed on Euronext Growth Milan
Authorized share capital € 1,436,292.90, of which € 1,426,292.90 subscribed and paid up, tax code, VAT no. and registration number with the Turin Company Register: 10072750010
R.E.A. of Turin no. 1103664
Direction and coordination:
BO.MA. Holding S.r.l.
Registered office in Via Ottavio Assarotti 10 10122 - Turin (TO) - Italy
Tax Code and VAT number: 12067380019
Half-Year Report at 30 June 2022 | Page4 |
PATTERN SPA | ||
COMPOSITION OF CORPORATE BODIES | ||
Board of Directors(1) | Francesco Martorella | Chairman |
Fulvio Botto | Vice Chairman | |
Luca Sburlati | Chief Executive Officer | |
Stefano Casini | ||
Claudio Delunas | ||
Innocenzo Tamborrini | ||
Emilio Paolucci |
Board of Statutory Auditors(1) | Davide Di Russo | Chairman |
Lucia Margherita Calista Rota Standing Auditor | ||
Lucia Maria Starola | Standing Auditor | |
Valerio Brescia | Alternate Auditor | |
Riccardo Cantino | Alternate Auditor |
Independent Auditors(2) | PricewaterhouseCoopers S.p.A., in short PWC |
DURATION
- The Board of Directors and the Board of Statutory Auditors were appointed by a resolution of the Shareholders' Meeting held on 28 April 2022 for three financial years, and will therefore expire with the Shareholders' Meeting called to approve the financial statements for the year ending 31 December 2024.
- The Independent Auditors' statutory audit assignment was granted by a resolution of the Shareholders' Meeting of 30 April 2021 for three financial years, and will therefore expire with the Shareholders' Meeting called to approve the financial statements for the year ending 31 December 2023.
Half-Year Report at 30 June 2022 | Page5 |
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Pattern S.p.A. published this content on 05 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2022 15:01:06 UTC.