MILAN, Italy – The Board of Directors of Italmobiliare S.p.A. approved the additional periodic financial information for the nine months ending September 30, 2024. The growth and development path of the Group’s main companies has continued during the first nine months of the year. Consolidated revenue stands at 499.4 million euro (+19.3%) and EBITDA is up by 65.9% to 110.6 million.
Looking at the pro-forma aggregate of the industrial Portfolio Companies, revenue (1,069.8 million euro, +7.8%) and EBITDA (146.3 million, +8%) are both up.
Revenue is up 9.9% to 243.1 million euro for Caffè Borbone, which continues on its development trajectory in strategic channels, with a particularly positive performance in large-scale retail, online and foreign markets.
Officina Profumo-Farmaceutica di Santa Maria Novella has recorded revenue and EBITDA that have risen to 47.1 million (+25.5%) and 12 million (+28.2%) respectively, supported by an excellent performance on the part of retail (+42.6%), which grew in all geographies and benefited from the consolidation of the results of the subsidiary in Japan, and on the part of the e-commerce (+30.1%).
Italgen recorded an increase in energy production during the period to 305.3 GWh, up by more than 60%.
EBITDA comes to 26.9 million euro, an all-time record for the company. CDS-Casa della Salute’s revenue has grown to 45.9 million euro, with an increase of 53% compared with the same period last year. EBITDA comes to 5.4 million euro, up by 71.1%.
Over the period, the Group made significant strides in its decarbonisation efforts, guided by the Science Based Targets initiative methodology.
Italmobiliare’s short-term emissions reduction targets have already been approved, while Callmewine, Capitelli, and Officina Profumo-Farmaceutica di Santa Maria Novella have successfully defined and submitted their own short- and long-term greenhouse gas emissions reduction targets.
At September 30, 2024, the Net Asset Value of Italmobiliare S.p.A., excluding treasury shares, stands at 2,141.2 million euro. NAV per share (excluding treasury shares) is equal to 50.6 euro and, in consideration of the distribution of dividends of 3 euro per share, shows an increase of 3% compared with what it was at December 31, 2023.
The net financial position of Italmobiliare S.p.A. (available cash) is positive and has increased by 72.5 million euro, from 204.3 million euro (at December 31, 2023) to 276.8 million euro.
Among the Portfolio Companies, in the food sector Caffè Borbone is growing in terms of revenue.
Caffè Borbone ‘s revenue is up by 9.9% and continues its development trajectory in strategic channels, with particularly positive performances in large-scale retail, online and foreign markets. EBITDA is down due to the record cost of the raw coffee beans, but the margin on sales remains above 20% for the nine months.
