Restart Logo


ISIN: IT0005349052 | Ticker: RST | LEI: 815600BACF507EC30687
Country: Italy

About Restart

Company Description

Restart, founded in 1905, was the first real estate company to be listed on the Milan Stock Exchange in 1924. In December 2018, Restart changed its company name following the demerger of Aedes SIIQ S.p.A. Over the decades, several shareholder changes have taken place and the Company has carried out real estate activities as an asset and fund manager.

At the end of 2014, following the successfully concluded financial restructuring and the merger in the second half of 2015 with Praga Holding Real Estate S.p.A., - a group known for the development of the Serravalle Scrivia location and the construction of the first Designer Outlet in Italy - the Company now presents itself with a new shareholder structure and a management with consolidated experience in the real estate sector. As of 1 January 2016, the company adhered to the civil and tax regime of listed real estate investment companies (so-called SIIQ regime).

Year founded



Via Tortona 37, 20144 Milano – Italy

Financial statements

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Line item in (eur) 01.01.2021 01.01.2022 01.01.2023
Assets N/A 12,379,000.00 10,322,000.00
Noncurrent Assets N/A 2,784,000.00 865,000.00
Property Plant And Equipment N/A 48,000.00 47,000.00
Investment Property N/A 570,000.00 570,000.00
Intangible Assets Other Than Goodwill N/A 0.00 13,000.00
Investment Accounted For Using Equity Method N/A 1,720,000.00 0.00
Noncurrent Receivables N/A 262,000.00 0.00
Other Noncurrent Financial Assets N/A 35,000.00 35,000.00
Inventories N/A 978,000.00 1,921,000.00
Trade And Other Current Receivables N/A 2,070,000.00 1,357,000.00
Other Current Financial Assets N/A 1,960,000.00 0.00
Cash and cash equivalents 5,677,000.00 4,587,000.00 6,179,000.00
Current Assets Other Than Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners N/A 9,595,000.00 9,457,000.00
Equity And Liabilities N/A 12,379,000.00 10,322,000.00
Equity 13,341,000.00 10,565,000.00 9,396,000.00
Issued Capital N/A 5,005,000.00 5,005,000.00
Retained Earnings N/A 7,129,000.00 4,559,000.00
Other Reserves N/A 1,000,000.00 1,000,000.00
Equity Attributable To Owners Of Parent N/A 10,565,000.00 9,396,000.00
Liabilities N/A 1,814,000.00 926,000.00
Noncurrent Liabilities N/A 88,000.00 116,000.00
Noncurrent Provisions For Employee Benefits N/A 7,000.00 11,000.00
Current Tax Liabilities Noncurrent N/A 29,000.00 3,000.00
Current Liabilities N/A 1,726,000.00 810,000.00
Trade And Other Current Payables N/A 1,417,000.00 506,000.00
Current Tax Liabilities Current N/A 205,000.00 203,000.00
Line item in (eur) 01.01.2021/
Revenue 44,000.00 109,000.00
Other Income 90,000.00 953,000.00
Changes In Inventories Of Finished Goods And Work In Progress 63,000.00 77,000.00
Employee Benefits Expense 365,000.00 307,000.00
Depreciation Amortisation And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 106,000.00 128,000.00
Other Expense By Nature 320,000.00 272,000.00
Profit Loss From Operating Activities -2,624,000.00 -1,219,000.00
Finance Income 73,000.00 59,000.00
Finance Costs 29,000.00 8,000.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method -789,000.00 -109,000.00
Profit Loss Before Tax -2,580,000.00 -1,168,000.00
Income Tax Expense Continuing Operations 0.00 0.00
Profit Loss From Continuing Operations -2,580,000.00 -1,168,000.00
Profit Loss From Discontinued Operations -4,000.00 0.00
Profit (loss) -2,584,000.00 -1,168,000.00
Profit Loss Attributable To Owners Of Parent -2,569,000.00 -1,168,000.00
Profit Loss Attributable To Noncontrolling Interests -15,000.00 0.00
Line item in (eur) 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A -2,584,000.00 -1,168,000.00
Adjustments For Finance Costs N/A -44,000.00 -51,000.00
Adjustments For Decrease Increase In Inventories N/A 25,000.00 95,000.00
Adjustments For Increase Decrease In Trade Account Payable N/A 128,000.00 -102,000.00
Other Adjustments For Noncash Items N/A 117,000.00 -927,000.00
Cash Flows From Used In Operating Activities N/A -780,000.00 -971,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 0.00 -2,710,000.00
Other Inflows Outflows Of Cash Classified As Investing Activities N/A 7,000.00 0.00
Cash Flows From Used In Investing Activities N/A -49,000.00 2,683,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 146,000.00 120,000.00
Cash Flows From Used In Financing Activities N/A -261,000.00 -120,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A -1,090,000.00 1,592,000.00
Cash and cash equivalents 5,677,000.00 4,587,000.00 6,179,000.00

Please note that some sums might not add up.

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Capital markets information






Real Estate

Industry Group

Real Estate Management & Development


Real Estate Management & Development


Diversified Real Estate Activities

Listed Stock Exchange

Borsa Italiana

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