COMUNICATO STAMPA
_____________________________________________________
Poligrafica S. Faustino S.p.A .:
results as of March 31, 2021 approved
- Revenues: Euro 13.00 million (Euro 13.86 million at March 31, 2020)
- EBITDA: Euro 0.91 million (Euro 1.12 million at March 31, 2020)
- EBIT: Euro 0.33 million (Euro 0.62 million at March 31, 2020)
- Net Financial Position: Euro 5.63 million (Euro 6.36 million at 31 December 2020)
Summary consolidated economic data as at March 31, 2021
(Euro thousands) | 31/03/2021 | 31/03/2020 |
Revenue from sales | 13,003 | 13,860 |
Gross operating result (EBITDA) | 913 | 1,122 |
Net operating result (EBIT) | 330 | 620 |
Result before taxes | 256 | 566 |
Consolidated Net Financial Position
(Euro thousands) | 31/03/2021 | 31/12/2020 | 31/03/2020 |
Cash and cash equivalents and short-term | 15,362 | 13,254 | 617 |
debt | |||
Net medium / long-term debt | (20,989) | (19,616) | (8,019) |
Total Net Financial Position | (5,627) | (6,362) | (7,402) |
Castrezzato, May 7, 2021
The Board of Directors of Poligrafica S. Faustino, a company listed on the STAR segment of the Italian Stock Exchange active in communication technology services, today approved the interim management report as of March 31, 2021, not subject to audit.
Consolidated results as at 31 March 2021
Sales revenues amounted to € 13.00 million, down from € 13.86 million in the first quarter of 2020 due to the difficulties associated with the prolongation of the pandemic. Sales on the foreign market amounted to Euro 2.30 million, up by 28.5% compared to March 31, 2020 (Euro 1.79 million) with an incidence on turnover equal to 17.7% (12.9% in first quarter 2020).
The gross operating margin (EBITDA), equal to Euro 0.91 million, marks a decrease of 8.1% compared to March 31, 2020 (Euro 1.12 million), mainly due to a higher incidence of consumption, cost personnel and other net operating costs, only partially offset by lower costs for services. The EBITDA margin is 7.02% (8.1% as of March 31, 2020).
The operating result (EBIT) is equal to Euro 0.33 million, compared to Euro 0.62 million at March 31, 2020, after total amortization of Euro 0.58 million (Euro 0.50 million in the first quarter of 2020).
COMUNICATO STAMPA
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The pre-taxresult is equal to Euro 0.26 million, compared to Euro 0.57 million at March 31, 2020.
The Net Financial Position is equal to Euro 5.63 million (Euro 6.36 million at 31 December 2020) and includes payables to leasing companies equal to Euro 3.06 million (of which Euro
2.03 million in the medium-long term ) and residual payables on the value in use of Euro 0.40 million (of which Euro 0.23 million in the medium-long term).
In the first quarter of 2021, the planned investments in tangible fixed assets were completed (Euro 1.62 million) with particular regard to the labels sector, in order to further boost productivity and the differentiation of the types of products offered. Modest increases in intangible assets also involved management software.
As of March 31, 2021 the Parent Company owns n. 62,903 treasury shares, registered at a cost of Euro 369,337 and are equal to 5.6% of the shares making up the entire share capital (No. 1,123,483). During the first quarter of 2021, no purchases of treasury shares were made.
Analysis by sector of activity
Euro mln | 31/03/2021 | 31/03/2020 |
Productive Graphic | 8,66 | 9,36 |
Commercial | 4,39 | 4,59 |
Total revenues and operating | 13,05 | 13,95 |
income | ||
Foreseeable evolution of management
The trend in the first quarter of the 2021 financial year confirmed the expected difficulties deriving from the persistence of the negative effects of the Covid19 pandemic which generated a decrease in overall sales of more than 6% and a general decrease in margins with particular reference to the most important production sector. linked to the promo-advertising sector.
In light of these first indicators, not yet fully representative, we expect a general reduction in turnover for the rest of the year combined with a further, albeit modest, decline in margins. The planned investments were substantially completed in this first quarter and, given the general situation of uncertainty, we do not consider it appropriate to activate new initiatives that could further affect the net operating margin deriving from higher depreciation.
We are confident, therefore, that the negative effects of the pandemic are only temporary, even if it is not foreseeable that the land lost will be recovered by the end of the year.
The manager in charge of preparing the corporate accounting documents, Rag. Maurizia Frigoli, declares, pursuant to paragraph 2 of article 154-bis of the Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the documentary results, books and accounting records.
COMPANY CONTACTS
COMUNICATO STAMPA
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Investor Relations Manager
Anna Lambiase
IR Top Consulting, specialisti di Investor Relations Tel. 02.45473884/3 www.irtop.com
E-mail: a.lambiase@psf.it
Ufficio Affari Societari Tel. 030.7049213 E-mail: affarisocietari@psf.itWeb: www.psf.it
Poligrafica San Faustino (Reuters: PSF.MI), società quotata al Mercato MTA - Segmento STAR di Borsa Italiana, è oggi un Gruppo specializzato in servizi di publishing che integra competenze nel mondo della comunicazione, della stampa, del label&packaging, del web, della gestione elettronica documentale e dell'e-procurement. Il Gruppo Sanfaustino si pone come network in grado di offrire lo studio, la progettazione e la realizzazione di supporti e strategie di promotion, acquisition, loyalty, direct, incentive, corporate, nella gestione dei flussi e del trattamento dei dati, nell'e-procurement, nella web strategy e nella gestione elettronica documentale.
Specialist: Integrae Sim S.p.A. - www.psf.it
Attached:
Consolidated Income Statement as of March 31, 2021
Consolidated balance sheet as at 31 March 2021
Consolidated Net Financial Position as of March 31, 2021
Consolidated Cash Flow Statement as of March 31, 2021
COMUNICATO STAMPA
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CONSOLIDATED INCOME STATEMENT
(amounts in thousands of Euro) | 1st quart. | inciden | 1st | inciden |
2021 | ce | quarter. | ce | |
% | 2020 | % | ||
Revenues from sales and services | 13,003 | 100.00 | 13,860 | 100.00 |
Other income | 47 | 0.36 | 90 | 0,65 |
Total revenues and operating income | 13,050 | 100.36 | 13,950 | 100.65 |
Shopping | (7,650) | (58.84) | (8,545) | (61.65) |
Change in inventories | (29) | (0.22) | 701 | 5.06 |
Services | (2,385) | (18.34) | (3,029) | (21.85) |
Staff costs | (1,373) | (10.56) | (1,280) | (9.24) |
- work costs int. capitalized | - | - | - | - |
Other net operating costs (income) | (700) | (5.38) | (675) | (4.87) |
Total operating costs | (12,137) | (93.34) | (12,828) | (92.55) |
Gross operating result (EBITDA) | 913 | 7.02 | 1,122 | 8.10 |
Depreciation, | (583) | (4.48) | (502) | (3.63) |
Value adjustments and plus / minus alien. | ||||
Operating result (EBIT) | 330 | 2.54 | 620 | 4.47 |
Net financial income and (expense) | (74) | (0.57) | (54) | (0.39) |
Result before the taxes | 256 | 1.97 | 566 | 4.08 |
Pertaining to Minorities | 0 | 0 | ||
Pertaining to the GROUP | 256 | 566 |
COMUNICATO STAMPA
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BALANCE SHEET AS AT MARCH 31, 2021
(amounts in thousands of Euros) | ||||||
31/03/21 | 31/12/20 | 31/03/20 | ||||
Non-current assets | ||||||
Tangible assets (including rights of use) | 9,806 | 8,708 | 8,783 | |||
Intangible assets | 1,119 | 1,143 | 1,231 | |||
Equity investments and other non- | 1,439 | 1,464 | 1,732 | |||
current assets | ||||||
Total non-current assets | 12,364 | 11,315 | 11,746 | |||
Current assets | ||||||
Inventories | 3,346 | 3,376 | 4,063 | |||
Commercial credits | 15,469 | 16,307 | 17,487 | |||
Other current assets | 1,863 | 2,027 | 1,906 | |||
Cash and cash equivalents | 21,779 | 19,716 | 8,775 | |||
Total current assets | 42,457 | 41,426 | 32,231 | |||
TOTAL ACTIVITY' | 54,821 | 52,741 | 43,977 | |||
NET ASSETS | ||||||
Share capital | 6,162 | 6,162 | 6,162 | |||
Reserves | 610 | 610 | 590 | |||
Own actions (-) | (369) | (369) | (349) | |||
Accumulated profits (losses) (*) | 3,133 | 2,877 | 2,845 | |||
Group shareholders' equity | 9,536 | 9,280 | 9,248 | |||
Minorities | 0 | 0 | 0 | |||
Total SHAREHOLDERS 'EQUITY | 9,536 | 9,280 | 9,248 | |||
Non-current liabilities | ||||||
Loans (short-term share) | 20,989 | 19,616 | 8,019 | |||
Severance pay fund and other M / L | 979 | 950 | 874 | |||
funds | ||||||
Deferred and other non-current tax | ||||||
liabilities | 104 | 104 | 110 | |||
Total non-current liabilities | 22,072 | 20,670 | 9,003 | |||
Current liabilities | ||||||
Loans (short-term portion) | 6,417 | 6,462 | 8,158 | |||
Commercial debts | 14,269 | 14,815 | 15,839 | |||
Tax payables | 1,243 | 318 | 506 | |||
Other current liabilities | 1,284 | 1,196 | 1,223 | |||
Total current liabilities | 23,213 | 22,791 | 25,726 | |||
Total | LIABILITIES | and | Total | |||
SHAREHOLDERS 'EQUITY | 54,821 | 52,741 | 43,977 |
(*)=including the interim result before tax, except for the final 31 December 2020 after tax
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Poligrafica S.Faustino S.p.A. published this content on 07 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2021 16:03:05 UTC.