Public disclosure of inside information according to article 17 MAR
Extrafin SpA: Approval of Financial Statements at December 31, 2023
Udine (pta013/06.06.2024/11:27 UTC+2)
Extrafin S.p.A. ("Extrafin" or the "Company") announces that, on May 29, 2024, the ordinary shareholders' meeting unanimously approved the financial statements as of December 31, 2023, prepared and drafted by the Company's Administrative Body.
The evaluation of the balance sheet items was carried out taking into account the principle of prudence and in the perspective of business continuity, as well as considering the principle of the predominance of economic substance over the legal form of the asset and liability elements considered.
Each balance sheet item follows the new principle of materiality derived from Directive 2013/34, according to which "information is material if its omission or misstatement could reasonably influence the decisions taken by users on the basis of the company's financial statements." The accrual basis of accounting was also followed, whereby the effect of transactions and other events was recognized and attributed to the period to which such transactions and events pertain, rather than when the related financial movements occur.
Below are summarized the main consolidated economic and financial data derived from the financial statements.
| BALANCE SHEET | As of 31/12/2023 | As of 31/12/2022 |
| TOTAL ASSETS | 2.927.583 | 2.379.894 |
| INCOME STATEMENT | As of 31/12/2023 | As of 31/12/2022 |
| TOTAL PRODUCTION COSTS | 353.532 | 173.658 |
| TOTAL PRODUCTION COSTS | 302.115 | 158.637 |
| NET INCOME | 1.820 | 6.598 |
In the fiscal year 2023, revenue grew by 458.0% compared to the previous year. EBITDA grew by 101.0% compared to 2022, amounting to 21.6% of revenue. EBIT increased by 242.3%, amounting to 15.5% of revenue. Profitability indicators show a ROI increase of 1.1 percentage points compared to the previous year, reaching 1.8% in 2023. ROE decreased by 0.4 percentage points, settling at 0.1%, and the return on sales (ROS) decreased by 9.8 points compared to 2022, with a ROS value of 15.5%. Financial charges increased by 161.8% compared to 2022, with an incidence on revenue of 7.8%. The financial coverage ratio, at a value of 2.0, indicates a situation requiring corrective measures.
According to the analysis conducted with the Central Credit Institution's assessment model, at the end of the fiscal year, the company is characterized by an adequate capacity to meet financial commitments and credit risk is contained.
The net income for the fiscal year stands at € 1,820, compared to € 6,598 recorded as of 12/31/2022.
The financial situation is solid.
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| Emitter: |
Extrafin SpA Via Stiria 45 - Centro Partigross 33100 Udine Italy |
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|---|---|---|
| Contact Person: | Maja Petranovic | |
| Phone: | +39 351 6031719 | |
| E-Mail: | regulators.office@extrafin.it | |
| Website: | www.extrafin.it | |
| ISIN(s): | IT0005355216 (Share) | |
| Stock Exchange(s): | Vienna Stock Exchange (Vienna MTF) |